Turkey’s Burgan Bank’s ratings “are constrained by tight liquidity and high dependence on interbank funding, weakening capital ratios, high gross exposure to Forex-denominated assets and liabilities and net losses reported in two successive years, owing largely to a high cost structure.” The FSR Outlook was lowered to ‘Negative’ from ‘Stable.’ http://www.cpifinancial.net/news/post/28260/ci-affirms-ratings-of-burgan-bank-turkey-fsr-outlook-lowered-to-negative