Moody's Banking Regulation and Supervision Agency (BDDK) has announced that the regulation that limits the use of TL loans by companies with foreign currency assets is negative for the credit rating of the banking sector.
In its report on the subject, the institution stated that the regulation made last month will harm the credit quality of banks and reduce investor confidence.
In the report, which pointed out that the refinancing risk of companies has increased, it was stated that the banking sector may cause pressure on asset quality.
In the statement, "Authorities are taking various measures to alleviate the pressure on the exchange rate, but the effects of these measures are diminishing and they do not respond to 'unorthodox policies', which is the main reason for the depreciation of the TL." expression was used.
The report also warned that the decrease in the foreign exchange assets of the companies after the BRSA regulation may reduce the resistance of the companies to the depreciation in the exchange rate.
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