Turkish Companies Most Leveraged in a Decade Compared With Peers
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How indebted are Turkish companies in relation to their peers in emerging markets? The answer is “very,” according to a key leverage ratio.
The spread between the total debt-to-shareholder equity of companies trading on the MSCI Emerging Markets Index and those on Turkey’s benchmark Borsa Istanbul 100 Index hit the highest level since 2007, Bloomberg calculations show, based on third-quarter financial reports.