The Turkish lira is diving after Moody's warned the worst is yet to come for the country's banks

"There is a heightened risk of a downside funding scenario, where a deterioration in investor sentiment limits access to market funding," Moody's said, noting that "Turkish banks are highly reliant on foreign currency funding."

Business Insider Select August 29, 2018   |   View Online »

The Turkish lira is diving after Moody's warned the worst is yet to come for the country's banks "There is a heightened risk of a downside funding scenario, where a deterioration in investor sentiment limits access to market funding," Moody's said, noting that "Turkish banks are highly reliant on foreign currency funding." Read More »

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