The Turkish Defense Sector - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2010
- Region: Turkey
Position as Turkey's financial, commercial, and cultural center, with wealth indicators above the national average and good growth prospects. Very strong operating performance, with the operating surplus likely to exceed city's even debt service at least twice in 2011-2013. Flexibility stemming from large asset base. Developing and unbalanced system with low operating revenue flexibility and lack of predictability regarding future reforms. High investment needs and management's adherence to aggressive spending, leading to large deficits after capital accounts. Mounting debt, with large debt service. Liquidity pressures. The rating on the Turkish City of Istanbul reflects Standard & Poor's Ratings Services' view that the city's operating revenue flexibility is limited and that it lacks predictability about future intergovernmental reforms in Turkey's developing...
Companies mentioned in this report are: Istanbul (City of)
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Research Type: Full Analysis
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Istanbul (City of)