Turkrating was founded in 2006 after the Turkish government decided to adopt the Basel II Accord in Turkey and the Banking Regulatory and Supervisory Board announced a "Road Map" for its implementation starting in 2008. For those reasons, at the initial stage Turkrating will focus on Small and Medium-Sized Enterprises, a segment of the economy that will be directly affected by Basel II, but which has not yet been exposed to the rating process. SMEs that undergo the rating process will be perceived as more transparent and will benefit through improved access to funding sources on more favorable terms and conditions. In time, rating services will be expanded to cover municipalities, public sector enterprises, utilities, banks and non-bank financial institutions, larger industrial enterprises and the capital markets instruments issued by these entities.
To know more about Turkrating: www.turkrating.com
