The business district in Istanbul. Fitch downgraded 25 Turkish banks on raging inflation and government and central bank policies that have increased macro and external risks. Reuters
The business district in Istanbul. Fitch downgraded 25 Turkish banks on raging inflation and government and central bank policies that have increased macro and external risks. Reuters

Business

Banking

Fitch downgrades 25 Turkish banks because of external risks and market uncertainties

Inflation, policy uncertainty and external risks to keep outlook negative

Babu Das Augustine

July 27, 2022