Conexio consulting

Istanbul, İzmir have strong self-financing capacity, supporting investments: Moody’s

Sizeable investment programs are sustainable for Istanbul and the Aegean city of İzmir thanks to their robust operating performance, effective financial management, strong economies and large and valuable asset bases, said Moody’s in a note on May 5.

Istanbul’s traditionally high gross operating margin is expected to rise to 48 percent of operating revenue by 2017 from 47 percent in 2015, while İzmir’s will climb to 46 percent from 40 percent.