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KBRA Releases Macro-Market Research: Turkish Deposits: Key Metric to Watch

May 23, 2018

DUBLIN & NEW YORK--(BUSINESS WIRE)--May 23, 2018--Kroll Bond Rating Agency (KBRA) has released a report entitled “Turkish Deposits: Key Metric to Watch.” As KBRA continues to monitor developments in Turkey we are keenly focused on metrics related to its high external vulnerability especially given the sharp depreciation in the value of the Turkish Lira (TRY) since the beginning of the year. Some of these metrics include Turkey’s large short-term external debt, substantial amortisations on medium- and long-term debt falling due, and a sizeable current account. Turkey’s deposits, especially foreign currency and non-resident deposits, are yet another important metric to monitor as a source of external vulnerability and provide the focus of this macro-market commentary.

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About KBRA and KBRA Europe

Kroll Bond Rating Agency, Inc. is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, Kroll Bond Rating Agency, Inc. is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180523006486/en/

CONTACT: Analytical:

Kroll Bond Rating Agency

Joan Feldbaum-Vidra, +1-646-731-2362

Managing Director

jfeldbaumvidra@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2018.

PUB: 05/23/2018 06:12 PM/DISC: 05/23/2018 06:12 PM

http://www.businesswire.com/news/home/20180523006486/en

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