11/25/2010

HSBC: Turkey is the premium emerging country

Dunya - Recent upgrades by rating agencies have brought Turkey under investor scope once again. According to an HSBC Global Asset Management analysis, reported by Reuters, Turkey is the preferred country among emerging economies. Controlling assets over USD 411 billion, the fund noted Turkey’s high performance in the financial crisis and praised the structural reforms it has undertaken in the past decade.

The analysis cites the recent upgrades as preparatory steps for the country’s attainment of an investment grade rating, widely expected to happen as early as next year.
turkey; asset management; hsbc; turkish asset market; rating upgrade

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