{"id":30697,"date":"2014-03-22T16:46:40","date_gmt":"2014-03-22T15:46:40","guid":{"rendered":"http:\/\/stockportal.hu\/?p=30697"},"modified":"2014-03-22T13:17:51","modified_gmt":"2014-03-22T12:17:51","slug":"leminositesre-jelolte-horvatorszagot-a-moodys","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/leminositesre-jelolte-horvatorszagot-a-moodys\/","title":{"rendered":"Lemin\u0151s\u00edt\u00e9sre jel\u00f6lte Horv\u00e1torsz\u00e1got a Moody&#8217;s"},"content":{"rendered":"<p><strong>Stabilr\u00f3l lemin\u0151s\u00edt\u00e9s lehet\u0151s\u00e9g\u00e9re utal\u00f3 negat\u00edvra rontotta Horv\u00e1torsz\u00e1g eddig sem befektet\u00e9si aj\u00e1nl\u00e1s\u00fa, &#8222;Ba1&#8221; szint\u0171 \u00e1llamk\u00f6tv\u00e9ny-besorol\u00e1s\u00e1nak kil\u00e1t\u00e1s\u00e1t p\u00e9nteken a Moody&#8217;s Investors Service.<!--more--><\/strong><\/p>\n<div id=\"vid4u\"><\/div>\n<p><script type=\"text\/javascript\">\/\/ <![CDATA[\nvar rid = 100000 + Math.floor(Math.random()*99999); var b = document.createElement(\"div\"); b.setAttribute(\"id\", \"v4u_c_\"+rid+\"_6\"); var r = document.getElementById(\"vid4u\"); r.parentNode.insertBefore(b,r); r.setAttribute(\"id\", \"\"); (function(w, d, s, rid) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) { d.getElementById(id).onload = d.getElementById(id).onreadystatechange = function() { if (typeof vid4u != 'undefined') vid4u.init(480,289,\"w0q9S04me0\",\"MnxeSBbRhR\",6, rid);}; return; } js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); js.onload = js.onreadystatechange = function() { if (typeof vid4u != 'undefined') vid4u.init(480,289,\"w0q9S04me0\",\"MnxeSBbRhR\",6, rid); };}; load(\"http:\/\/video.vid4u.org\/vid4ul.js\", \"vjs_\"+rid); } go(); }(window, document, \"script\", rid));\n\/\/ ]]><\/script><\/p>\n<p>A vil\u00e1g legnagyobb hitelmin\u0151s\u00edt\u0151 csoportja az eur\u00f3pai \u00e9s az amerikai piaci z\u00e1r\u00e1sok ut\u00e1n, p\u00e9ntek \u00e9jjel Londonban bejelentett d\u00f6nt\u00e9s\u00e9t a horv\u00e1t gazdas\u00e1g gyenge k\u00f6z\u00e9pt\u00e1v\u00fa n\u00f6veked\u00e9si kil\u00e1t\u00e1saival, az \u00e1llamh\u00e1ztart\u00e1si hi\u00e1ny cs\u00f6kkent\u00e9s\u00e9nek lass\u00fa \u00fctem\u00e9vel, valamint a jelent\u0151s k\u00fcls\u0151 ad\u00f3ss\u00e1gszolg\u00e1lati teherrel indokolta. A Moody&#8217;s a kil\u00e1t\u00e1sront\u00e1ssal egy id\u0151ben meger\u0151s\u00edtette a &#8222;Ba1&#8221;-es &#8211; m\u00e1s hitelmin\u0151s\u00edt\u0151k m\u00f3dszertan\u00e1ban &#8222;BB plusz&#8221;-nak megfelel\u0151 &#8211; horv\u00e1t szuver\u00e9n ad\u00f3soszt\u00e1lyzatot.<br \/>\nA c\u00e9g a kil\u00e1t\u00e1s ront\u00e1s\u00e1hoz f\u0171z\u00f6tt indokl\u00e1s\u00e1ban kiemeli, hogy a horv\u00e1t gazdas\u00e1gban 2009 \u00f3ta nem volt re\u00e1ln\u00f6veked\u00e9s, \u00e9s a gazdas\u00e1g teljes\u00edtm\u00e9nye az ut\u00f3bbi \u00f6t \u00e9vben folyamatosan elmaradt a hasonl\u00f3 besorol\u00e1s\u00fa szuver\u00e9n ad\u00f3sok\u00e9t\u00f3l.<br \/>\nA Moody&#8217;s becsl\u00e9se szerint a horv\u00e1t hazai \u00f6sszterm\u00e9k (GDP) tavaly 1 sz\u00e1zal\u00e9kkal cs\u00f6kkent, \u00e9s a c\u00e9g 2014-re is csak gyenge n\u00f6veked\u00e9st v\u00e1r.<br \/>\nA kil\u00e1t\u00e1s negat\u00edvra ront\u00e1s\u00e1nak m\u00e1sik f\u0151 t\u00e9nyez\u0151je a magas \u00e1llamad\u00f3ss\u00e1g-r\u00e1ta \u00e9s az ebb\u0151l ered\u0151 nagy finansz\u00edroz\u00e1si ig\u00e9ny. A Moody&#8217;s becsl\u00e9se szerint a GDP-ar\u00e1nyos \u00e1llamad\u00f3ss\u00e1g-r\u00e1ta a k\u00f6lts\u00e9gvet\u00e9si deficitek miatt 2013 v\u00e9g\u00e9ig 66 sz\u00e1zal\u00e9kra emelkedett. A c\u00e9g kiemeli, hogy 2008-ban m\u00e9g csak 29 sz\u00e1zal\u00e9k volt ez a r\u00e1ta.<br \/>\nA hitelmin\u0151s\u00edt\u0151 szerint val\u00f3sz\u00edn\u0171tlen, hogy az \u00e1llamh\u00e1ztart\u00e1si hi\u00e1ny a k\u00f6vetkez\u0151 k\u00e9t \u00e9vben gyors cs\u00f6kken\u00e9snek indulna a tavalyi \u00e9vre becs\u00fclt 6,1 sz\u00e1zal\u00e9kos GDP-ar\u00e1nyos szintr\u0151l.<br \/>\nA teljes k\u00fcls\u0151 horv\u00e1t ad\u00f3ss\u00e1g\u00e1llom\u00e1ny 2013 v\u00e9g\u00e9n a GDP-\u00e9rt\u00e9k 107 sz\u00e1zal\u00e9ka volt; 2005-ben m\u00e9g csak 68,6 sz\u00e1zal\u00e9kos r\u00e1t\u00e1t m\u00e9rtek. A Moody&#8217;s szerint az ad\u00f3ss\u00e1gn\u00f6veked\u00e9s z\u00f6me a mag\u00e1nszektor 2009 el\u0151tti hitelfelv\u00e9teleib\u0151l eredt, \u00e9s b\u00e1r a mag\u00e1nszektorbeli k\u00fcls\u0151 hitelfelv\u00e9tel 2010 \u00f3ta cs\u00f6kken, a korm\u00e1ny tov\u00e1bbra is ig\u00e9nybe vesz k\u00fcls\u0151 ad\u00f3ss\u00e1gpiaci finansz\u00edroz\u00e1st.<br \/>\nA magas k\u00fcls\u0151 ad\u00f3ss\u00e1g\u00e1llom\u00e1ny t\u00f6rleszt\u00e9si k\u00f6telezetts\u00e9gei feszess\u00e9 teszik Horv\u00e1torsz\u00e1g k\u00fcls\u0151 likvidit\u00e1si poz\u00edci\u00f3j\u00e1t, \u00e9s emiatt a horv\u00e1t gazdas\u00e1g sebezhet\u0151 a glob\u00e1lis p\u00e9nz\u00fcgyi kileng\u00e9sekt\u0151l &#8211; hangs\u00falyozza a kil\u00e1t\u00e1sront\u00e1shoz f\u0171z\u00f6tt elemz\u00e9s\u00e9ben a Moody&#8217;s.<br \/>\nHorv\u00e1torsz\u00e1got a m\u00e1sik k\u00e9t nagy nemzetk\u00f6zi hitelmin\u0151s\u00edt\u0151 is spekulat\u00edv &#8211; vagyis nem befektet\u00e9si aj\u00e1nl\u00e1s\u00fa &#8211; besorol\u00e1ssal tartja nyilv\u00e1n. A Fitch Ratings a Moody&#8217;s oszt\u00e1lyzat\u00e1val megegyez\u0151 &#8222;BB plusz&#8221;, a Standard &amp; Poor&#8217;s enn\u00e9l egy fokozattal gyeng\u00e9bb, &#8222;BB&#8221; kock\u00e1zati oszt\u00e1lyzatot tart \u00e9rv\u00e9nyben a horv\u00e1t \u00e1llamad\u00f3ss\u00e1gra.()<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stabilr\u00f3l lemin\u0151s\u00edt\u00e9s lehet\u0151s\u00e9g\u00e9re utal\u00f3 negat\u00edvra rontotta Horv\u00e1torsz\u00e1g eddig sem befektet\u00e9si aj\u00e1nl\u00e1s\u00fa, &#8222;Ba1&#8221; szint\u0171 \u00e1llamk\u00f6tv\u00e9ny-besorol\u00e1s\u00e1nak kil\u00e1t\u00e1s\u00e1t p\u00e9nteken a Moody&#8217;s Investors Service.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/30697"}],"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=30697"}],"version-history":[{"count":1,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/30697\/revisions"}],"predecessor-version":[{"id":30698,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/30697\/revisions\/30698"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=30697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=30697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=30697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}