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.
Business & Finance
Reuters exclusively reports Turkish companies seek fresh debt restructuring as virus hits
18 September 2020, 3:34 pm 1 minute
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