Reuters exclusively reports Turkish companies seek fresh debt restructuring as virus hits | Reuters News Agency
Business & Finance

Reuters exclusively reports Turkish companies seek fresh debt restructuring as virus hits

Reuters exclusively reported that debt-laden Turkish companies are seeking more time to repay bank loans after the coronavirus pandemic upended plans to sell assets. Even before the virus hit Turkey in March, firms were seeking lower rates from banks after an aggressive monetary easing campaign and since then, large and small companies are looking for further revisions to nearly all of the restructurings agreed in the past two years. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: Middle East
Countries: Turkey
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
FILE PHOTO: FILE PHOTO: A gold dealer counts Turkish lira banknotes at his shop at the Grand Bazaar in Istanbul, Turkey, August 6, 2020. REUTERS/Murad Sezer/File Photo/File Photo
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