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The credit rating agency of Fitch has progressed due to the mbadive deterioration of 24 banks in Turkey. Ziraat Bank, Is Bank founded by Kemal Ataturk and Akbank of the Sabancı family
reports that the increased risks to macroeconomic stability and the recent deterioration in the credibility of economic policy were the main factors of the last downgrade and how increased the probability of insolvency for some Turkish banks, including three major financial institutions
Fitch focuses on the weakened policy of Turkey after the presidential election and baderts as the only one; one of the key factors in reducing almost all Turkish bank ratings
The report notes that the risk of public intervention in the banking sector in the form of controls or capital restrictions will be increasingly balanced with the risk of insolvency of the state.
The sector's loan-to-deposit ratio reached 127% at the end of the previous month, while the external debt of $ 186 billion at the end of the first quarter of 2018, of which $ 103 billion expires in 12 months.
Last Friday, the US company downgraded the long-term credit rating of Turkey from a BB + BB gradient
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