Citigroup Revised Its Recommendation For Turkish Corporate Bonds

Citigroup gave advice for Turkish corporate bonds. Citi also revised its previous advice.

Citigroup revised its recommendation for Turkish corporate bonds in line with the index, rather than increasing the weight. Citi announced that it updated its recommendation on Turkish bonds in parallel with the index, from the increase in weight, due to uncertainties in the macroeconomic policy course in the country. Stating that it can buy Turkish bank bonds last week, Citigroup stated that it also saw value in the short term in industrial stocks. Citigroup announced last week that Turkish banks could buy their bonds after sales in the bond markets. Citigroup, which abandoned the securities issued by Turkish banks at the end of January, stated that banks' capital adequacy ratios are high, despite the risk of high amounts of non-repayable loans to affect the banking system, and the sector can fully cope with the possibilities other than a balance of payments crisis.   Source: Bloomberg HT