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Perspective
04 August 2016

Turk Eximbank seals MIGA deal weeks before downgrade

Region:
Europe
Max Thompson
Max Thompson
Managing Editor
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.

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