Perspective
04 August 2016
Turk Eximbank seals MIGA deal weeks before downgrade
Region:
Europe
At the end of June, Turk Eximbank signed a $746.82 million MIGA-backed loan with a syndicate of banks for on-lending to Turkish exporters. The deal closed just weeks before an attempted coup in Turkey which prompted Standard and Poor's to cut Turkey's credit rating.
