The ongoing risks to the country's external financing
capacity as a result of its large external funding needs, exacerbated by the fragility of global capital markets and the elevated geopolitical risks that Turkey is facing.
ySTANBUL (CyHAN)- Amid the concerns about the risk of renewed stress on developing economies after a possible interest hike by the US Federal Reserve (Fed), those countries whose growth relies significantly on external financing
will be especially affected, a recent report released by the global rating agency Standard & Poor's (S&P) has revealed.
The reality is that the current account [deficit] and external financing
requirements are way too large and the one message from the [US Federal Reserve] tapering scare for [emerging markets] over the past month is that the CBRT needed to work harder to force rebalancing and close the external financing
equation sooner rather than later.
Summary: The World Bank estimated Lebanon's external financing
needs at 35.
Moody's Investors Service has downgraded the government of Belarus' foreign and local currency bond ratings from B1 to B2 and has assigned a negative outlook to the ratings due to the country's significant near term external financing
gaps, and the medium term difficulties of reorienting the current external debt funded, domestic demand-led growth model.
Pointing out that Turkey could secure extra external financing
other than an IMF program due to recovery in global economy, IMF officials said Turkey could enjoy a 15 billion USD IMF financing on a 12-month term.
Saab Automobile, a subsidiary of General Motors Corporation (NYSE: GM), is looking at options to secure external financing
for development projects, according to Saab spokesman Eric Geers.
We examine whether abnormal analyst coverage influences the external financing
and investment decisions of the firm.
The firm-specific factors (size, investment opportunities) matter more in influencing the need of external financing
when the legal environment is less investor-friendly.
Many sovereigns pre-funded part of 2007 external financing
needs in 2006, and the favourable external financial conditions in the first half of 2007 allowed many to complete the remaining needs earlier in the year.
This is a number which I closely watch, which is one component of Turkey's external financing
Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing
for operations or capital expenditures, the results of pending litigation against the Company including lawsuits filed by mayors, attorneys general and other governmental entities and membership organizations, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected.