International Organizations Issue Successive Warnings About the Funding Crisis: How Will Türkiye's Economy Be Affected?
4 Articles
4 Articles
Following the fund crisis, international organizations have been releasing their assessments of Turkey one after another. While no direct signals of deterioration in credit rating and financial stability were given, supervision gaps, investor confidence, and potential pressures on growth emerged as critical risk factors for the coming period.
International index provider FTSE Russell has announced its expected decision regarding the Istanbul Stock Exchange following fund investigations. FTSE Russell maintained Turkey's 'Emerging Market' status. The index provider stated that work is ongoing with the Capital Markets Board (SPK) and the Istanbul Stock Exchange, while Turkey is awaiting a possible classification...
Following the fund crisis that erupted in Türkiye with the liquidation of 131 investment funds, critical statements came from S&P, Fitch, Moody's, FTSE Russell, and JPMorgan. Reports published in September and October emphasized that the crisis had not turned into a systemic shock, and the fate of the country's credit rating and market status became clear.
Following the fund crisis, assessments of Turkey by international organizations came one after another. S&P Global Ratings stated that it does not expect downward pressure on Turkey's credit rating if the developments remain isolated, while Fitch conveyed the message that "we do not expect systemic risk." Moody's assessed the credit risk stemming from the crisis as "limited," while a confidence-building move came from FTSE Russell. The instituti…
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