Fitch expects the size of Turkey’s debt market to exceed $540 billion by the end of this year, due to increasing external financing needs, longer expected maturities and a trend toward diversification of funding sources.
The agency indicated that expected interest rate cuts by the Turkish Central Bank and the US Federal Reserve could provide more favorable funding conditions in the coming period.
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According to Fitch, Turkey’s bond market will grow 13.5% to $503 billion by the end of 2025, with issuance up about 12% to $140 billion, making Turkey the fourth-largest source of dollar-denominated emerging market debt outside of China over the past year.
Fitch Agency predicts that the size of Turkey’s debt market will exceed $540 billion by the end of this year, due to increased external funding demand, upcoming maturities and a trend to diversify key funding sources.
The agency suggested that expected interest rate cuts by Turkey’s central bank and the US Federal Reserve could make future funding conditions more favorable.
increase in problems
According to Fitch, Turkey’s bond market will grow by 13.5% to $503 billion by the end of 2025, with issuance increasing by about 12% to $140 billion, making Turkey the fourth-largest issuer of dollar-denominated bonds in emerging markets outside of China over the past year.
