JCR Eurasia Rating, assigned Ekspo Faktoring A.Ş. Long Term National Credit Rating of ‘A (Trk)’ and Short Term National Credit Rating of ‘A-1 (Trk)’ with ‘Stable’ outlooks on both ratings.
The Factoring Sector is marked by high level of vulnerability to fluctuations in macroeconomic circumstances and instability. Management policies in the sector are strongly influenced by the changes in economic outlook and regulatory procedures from the Banking Regulation and Supervision Agency (BRSA). On the other hand, in line with the undertaken reforms, the sector’s legal infrastructure has been improved with regards to effective surveillance and control. As such, the mandatory installation of information, risk measurement, and internal control systems have made a positive contribution to the improvement of the sector’s institutional set-up, and the quality, standardization, and transparency of financial reporting practices and facilitated fair competition. Considering that the main income of factoring companies is the real sector, the effects of the growth environment supported by the volatility and incentive policies created by the foreign and domestic economic, political and geopolitical developments in the markets on the factoring sector deserve to be closely monitored.
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