The Turkish Bulletin - August 23, 2004 - BNP Paribas Turkey
BNP Paribas in Turkey News & Press
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August 23, 2004 -

The Turkish Bulletin – August 23, 2004

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Release of “The Turkish Bulletin”, the semi-monthly newsletter of BNP Paribas in Turkey. “The Turkish Bulletin” presents a macro economic analysis on the following topics:

– Economy and market,
– Politics and domestic affair
– Company news
– Sector news and privatization

The most important headline of the last 2 weeks was the increase of Turkey’s long-term foreign currency credit rating from B+ to BB- by S&P, however Moody’s cast shadows on S&P’s upgrade by saying that vulnerabilities posed by Turkey’s growing CA deficit could lead to a maxi-devaluation and taking its debt to GDP ratio up above 100%. Summer lull appears set to continue next week ahead of a long-weekend and markets are expected to slowly shake off their slumber early September as news flow on EU and IMF fronts are set to intensify.

The Turkish Bulletin – August 23, 2004– Acrobat Document (82 Ko)

Contact :
Rodolphe Vergeaud
Tel : (+90) 212 293 00 32
Email : rodolphe.vergeaud@bnpparibas.com