{"id":108028,"date":"2018-08-16T10:34:36","date_gmt":"2018-08-16T08:34:36","guid":{"rendered":"http:\/\/gazdasagportal.hu\/?p=108028"},"modified":"2018-08-16T10:34:36","modified_gmt":"2018-08-16T08:34:36","slug":"penteken-ismet-vizsgalja-a-magyar-allamados-osztalyzatot-a-standard-poors","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/penteken-ismet-vizsgalja-a-magyar-allamados-osztalyzatot-a-standard-poors\/","title":{"rendered":"P\u00e9nteken ism\u00e9t vizsg\u00e1lja a magyar \u00e1llamad\u00f3s-oszt\u00e1lyzatot a Standard &#038; Poor&#8217;s"},"content":{"rendered":"<p><strong>P\u00e9nteken ism\u00e9t vizsg\u00e1lja a magyar \u00e1llamad\u00f3s-oszt\u00e1lyzatot a Standard &#038; Poor&#8217;s nemzetk\u00f6zi p\u00e9nz\u00fcgyi szolg\u00e1ltat\u00f3 csoport glob\u00e1lis min\u0151s\u00edt\u00e9si r\u00e9szlege (S&#038;P Global Ratings).<\/strong><!--more--><\/p>\n<div class=\"ads-in-post1\"><div id=\"gazdasagportal.hu_fullbanner_wideboard\"><\/div>\r\n<\/div>\n<p>    A c\u00e9g a kialakult EU-szab\u00e1lyoz\u00e1si gyakorlatnak megfelel\u0151en v\u00e1rhat\u00f3an p\u00e9ntek \u00e9jjel, az eur\u00f3pai \u00e9s a New York-i piaci z\u00e1r\u00e1sok ut\u00e1n jelenti be d\u00f6nt\u00e9s\u00e9t Londonban.<br \/>\n    A hitelmin\u0151s\u00edt\u0151 id\u00e9n m\u00e1sodszor vizsg\u00e1lja a magyar \u00e1llamad\u00f3s-besorol\u00e1st. Az els\u0151 id\u0151pont febru\u00e1r 16-\u00e1n volt; a c\u00e9g akkor meger\u0151s\u00edtette Magyarorsz\u00e1g hossz\u00fa \u00e9s r\u00f6vid futamidej\u0171, deviz\u00e1ban \u00e9s forintban fenn\u00e1ll\u00f3 \u00e1llamad\u00f3ss\u00e1g-k\u00f6telezetts\u00e9geinek &#8222;BBB m\u00ednusz\/A-3&#8221; szint\u0171, befektet\u00e9si aj\u00e1nl\u00e1s\u00fa besorol\u00e1s\u00e1t, \u00e9s a magyar szuver\u00e9n oszt\u00e1lyzatra v\u00e1ltozatlan pozit\u00edv kil\u00e1t\u00e1st hagyott \u00e9rv\u00e9nyben.<br \/>\n    A magyar min\u0151s\u00edt\u00e9s febru\u00e1ri meger\u0151s\u00edt\u00e9s\u00e9hez f\u0171z\u00f6tt elemz\u00e9s\u00e9ben az S&#038;P Global Ratings kiemelte: a besorol\u00e1sra tavaly augusztus \u00f3ta \u00e9rv\u00e9nyes pozit\u00edv kil\u00e1t\u00e1s els\u0151sorban annak lehet\u0151s\u00e9g\u00e9t t\u00fckr\u00f6zi, hogy a magyar gazdas\u00e1g er\u0151s\u00f6d\u0151 m\u00e9r\u0151sz\u00e1mai seg\u00edthetik a bankrendszerben folyamatosan zajl\u00f3 javul\u00e1st, \u00e9s ezzel meger\u0151s\u00edthetik a monet\u00e1ris politika transzmisszi\u00f3s csatorn\u00e1j\u00e1t.<br \/>\n<div class=\"ads-in-post2\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-6t+ed+2i-1n-4w\"\r\n     data-ad-client=\"ca-pub-1959107119989764\"\r\n     data-ad-slot=\"4008251320\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n    A c\u00e9g annak idej\u00e9n k\u00f6z\u00f6lte azt is, hogy 12-18 havi t\u00e1vlatban felmin\u0151s\u00edtheti a magyar ad\u00f3soszt\u00e1lyzatot, ha a p\u00e9nz\u00fcgyi szektorban v\u00e9gbement legut\u00f3bbi javul\u00e1sok er\u0151s\u00edtik a hat\u00f3s\u00e1gok k\u00e9pess\u00e9g\u00e9t a hazai monet\u00e1ris kond\u00edci\u00f3k befoly\u00e1sol\u00e1s\u00e1ra.<br \/>\n    Az S&#038;P febru\u00e1ri elemz\u00e9se szerint ennek jelei k\u00f6z\u00e9 tartozna p\u00e9ld\u00e1ul a banki hitelkihelyez\u00e9sek m\u00e9g er\u0151teljesebb fellend\u00fcl\u00e9se, amelyhez folytat\u00f3d\u00f3 gazdas\u00e1gi n\u00f6veked\u00e9s, t\u00f6bbletes foly\u00f3m\u00e9rleg-egyenleg \u00e9s kord\u00e1ban tartott \u00e1llamh\u00e1ztart\u00e1si hi\u00e1ny t\u00e1rsul.<br \/>\n    A kialakult \u00e1ltal\u00e1nos gyakorlat is az, hogy a hitelmin\u0151s\u00edt\u0151k az egyes besorol\u00e1sokra \u00e9rv\u00e9nyes pozit\u00edv vagy negat\u00edv kil\u00e1t\u00e1sokat \u00e1tlagosan 12-18 h\u00f3napos id\u0151t\u00e1vlatban konvert\u00e1lj\u00e1k oszt\u00e1lyzatm\u00f3dos\u00edt\u00e1sra, de ez kor\u00e1ntsem \u00edrott szab\u00e1ly, s\u0151t a kil\u00e1t\u00e1s el\u0151zetes m\u00f3dos\u00edt\u00e1sa sem el\u0151felt\u00e9tele az ad\u00f3soszt\u00e1lyzat v\u00e1ltoztat\u00e1s\u00e1nak.<br \/>\n    A Standard &#038; Poor&#8217;s a magyar szuver\u00e9n oszt\u00e1lyzat legut\u00f3bbi k\u00e9t felmin\u0151s\u00edt\u00e9s\u00e9t &#8211; k\u00f6zt\u00fck Magyarorsz\u00e1g visszaemel\u00e9s\u00e9t a befektet\u00e9si aj\u00e1nl\u00e1s\u00fa kateg\u00f3ri\u00e1ba &#8211; \u00fagy hajtotta v\u00e9gre, hogy el\u0151tte nem jav\u00edtotta pozit\u00edvra a besorol\u00e1s kil\u00e1t\u00e1s\u00e1t.<br \/>\n    A h\u00e1rom nagy nemzetk\u00f6zi hitelmin\u0151s\u00edt\u0151 mindegyike 2016 \u00f3ta tartja nyilv\u00e1n a befektet\u00e9sre aj\u00e1nlott s\u00e1vban &#8211; a Fitch Ratings \u00e9s a Standard &#038; Poor&#8217;s &#8222;BBB m\u00ednusz&#8221;, a Moody&#8217;s Investors Service ugyanennek megfelel\u0151 &#8222;Baa3&#8221; oszt\u00e1lyzattal &#8211; Magyarorsz\u00e1g hossz\u00fa futam\u00fa \u00e1llamad\u00f3ss\u00e1g-k\u00f6telezetts\u00e9geit.<br \/>\n    Tavaly a Standard &#038; Poor&#8217;s mellett a Fitch Ratings is tov\u00e1bbi felmin\u0151s\u00edt\u00e9s t\u00e1vlati lehet\u0151s\u00e9g\u00e9re utal\u00f3 pozit\u00edvra jav\u00edtotta a magyar szuver\u00e9n ad\u00f3soszt\u00e1lyzat kil\u00e1t\u00e1s\u00e1t. A Moody&#8217;s magyar \u00e1llamad\u00f3s-besorol\u00e1s\u00e1nak kil\u00e1t\u00e1sa tov\u00e1bbra is stabil.<br \/>\n    A h\u00e1rom piacvezet\u0151 nemzetk\u00f6zi hitelmin\u0151s\u00edt\u0151 az id\u00e9n \u00f6sszesen hat id\u0151pontot t\u0171z\u00f6tt ki a magyar \u00e1llamad\u00f3s-besorol\u00e1sok vizsg\u00e1lat\u00e1ra, de az eddigi id\u0151pontokban egyik\u00fck sem jelentett be m\u00f3dos\u00edt\u00e1sokat.<br \/>\n    Az S&#038;P Global Ratings p\u00e9nteki fel\u00fclvizsg\u00e1lata ut\u00e1n legk\u00f6zelebb &#8211; k\u00e9t h\u00e9t m\u00falva, augusztus 31-\u00e9n &#8211; a Fitch Ratings vizsg\u00e1lati napt\u00e1r\u00e1ban szerepel a magyar \u00e1llamad\u00f3ss\u00e1g-oszt\u00e1lyzat.<br \/>\n(MTI)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>P\u00e9nteken ism\u00e9t vizsg\u00e1lja a magyar \u00e1llamad\u00f3s-oszt\u00e1lyzatot a Standard &#038; Poor&#8217;s nemzetk\u00f6zi p\u00e9nz\u00fcgyi szolg\u00e1ltat\u00f3 csoport glob\u00e1lis min\u0151s\u00edt\u00e9si r\u00e9szlege (S&#038;P Global Ratings).<\/p>\n","protected":false},"author":1,"featured_media":67955,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[146,4,19],"tags":[],"_links":{"self":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/108028"}],"collection":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/comments?post=108028"}],"version-history":[{"count":1,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/108028\/revisions"}],"predecessor-version":[{"id":108029,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/108028\/revisions\/108029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media\/67955"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=108028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=108028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=108028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}