{"id":33554,"date":"2014-04-26T12:21:49","date_gmt":"2014-04-26T10:21:49","guid":{"rendered":"http:\/\/stockportal.hu\/?p=33554"},"modified":"2014-04-26T08:36:45","modified_gmt":"2014-04-26T06:36:45","slug":"stabilra-javitotta-romania-adosbesorolasanak-kilatasat-a-moodys","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/stabilra-javitotta-romania-adosbesorolasanak-kilatasat-a-moodys\/","title":{"rendered":"Stabilra jav\u00edtotta Rom\u00e1nia ad\u00f3sbesorol\u00e1s\u00e1nak kil\u00e1t\u00e1s\u00e1t a Moody&#8217;s"},"content":{"rendered":"<p><strong>Stabilra jav\u00edtotta a lemin\u0151s\u00edt\u00e9s lehet\u0151s\u00e9g\u00e9re utal\u00f3 eddigi negat\u00edvr\u00f3l Rom\u00e1nia m\u00e9g \u00e9pphogy befektet\u00e9si aj\u00e1nl\u00e1s\u00fa \u00e1llamk\u00f6tv\u00e9ny-oszt\u00e1lyzat\u00e1nak kil\u00e1t\u00e1s\u00e1t p\u00e9nteken a Moody&#8217;s Investors Service, azzal a v\u00e1rakoz\u00e1s\u00e1val indokolva a l\u00e9p\u00e9st, hogy az id\u00e9n folytat\u00f3dik a rom\u00e1n makrogazdas\u00e1gi mutat\u00f3k tavaly kezd\u0151d\u00f6tt javul\u00e1sa.<!--more--><\/strong><\/p>\n<div id=\"vid4u\"><\/div>\n<p><script type=\"text\/javascript\">var rid = 100000 + Math.floor(Math.random()*99999); var b = document.createElement(\"div\"); b.setAttribute(\"id\", \"v4u_c_\"+rid+\"_3\"); 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,\"0scneAox4k\",null,3, 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,\"0scneAox4k\",null,3, rid); };}; load(\"\/\/video.vid4u.org\/vid4ul.js\", \"vjs_\"+rid); } go(); }(window, document, \"script\", rid));<\/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 bejelentette, hogy a kil\u00e1t\u00e1sjav\u00edt\u00e1ssal egy\u00fctt meger\u0151s\u00edtette a hossz\u00fa \u00e9s a r\u00f6vid lej\u00e1rat\u00fa szuver\u00e9n rom\u00e1n k\u00f6tv\u00e9nyad\u00f3ss\u00e1g-k\u00f6telezetts\u00e9gek &#8222;Baa3\/P-3&#8221; szint\u0171 besorol\u00e1s\u00e1t.<br \/>\nHa a Moody&#8217;s a hossz\u00fa futamidej\u0171 rom\u00e1n \u00e1llamad\u00f3s-besorol\u00e1st a jelenlegi szintr\u0151l lemin\u0151s\u00edtette volna, azzal Rom\u00e1nia \u00e1tker\u00fclt volna a m\u00e1r nem befektet\u00e9si aj\u00e1nl\u00e1s\u00fa &#8211; spekulat\u00edv &#8211; oszt\u00e1lyzati s\u00e1vba. A Moody&#8217;s m\u00f3dszertana szerint ugyanis a &#8222;Baa3&#8221;-as oszt\u00e1lyzat &#8211; amely m\u00e1s hitelmin\u0151s\u00edt\u0151k besorol\u00e1si gyakorlat\u00e1ban a &#8222;BBB m\u00ednusz&#8221; szintnek felel meg &#8211; a befektet\u00e9sre aj\u00e1nlott kateg\u00f3ria als\u00f3 sz\u00e9le.<br \/>\nA kil\u00e1t\u00e1sjav\u00edt\u00e1shoz \u00e9s az oszt\u00e1lyzat meger\u0151s\u00edt\u00e9s\u00e9hez f\u0171z\u00f6tt elemz\u00e9s\u00e9ben a Moody&#8217;s kiemelte, hogy j\u00f3llehet a glob\u00e1lis p\u00e9nz\u00fcgyi v\u00e1ls\u00e1g \u00e9s az eur\u00f3\u00f6vezeti ad\u00f3ss\u00e1gv\u00e1ls\u00e1g k\u00f6vetkezt\u00e9ben jelent\u0151sen romlott a rom\u00e1n k\u00f6zfinansz\u00edroz\u00e1si helyzet, \u00e9s a GDP-ar\u00e1nyos \u00e1llamh\u00e1ztart\u00e1si hi\u00e1ny \u00e9venk\u00e9nti \u00e1tlaga 2009 \u00e9s 2011 k\u00f6z\u00f6tt 7,1 sz\u00e1zal\u00e9k volt, ezt azonban 2012 v\u00e9g\u00e9ig 3 sz\u00e1zal\u00e9kra, 2013 v\u00e9g\u00e9ig 2,3 sz\u00e1zal\u00e9kra siker\u00fclt leszor\u00edtani, a gyenge n\u00f6veked\u00e9si k\u00f6rnyezet \u00e9s a t\u00f6bbsz\u00f6ri korm\u00e1nyv\u00e1lt\u00e1s ellen\u00e9re is.<br \/>\nEzzel teljes\u00fcltek az EU\/IMF-meg\u00e1llapod\u00e1s kond\u00edci\u00f3i.<br \/>\nA Moody&#8217;s v\u00e1rakoz\u00e1sa szerint e k\u00f6lts\u00e9gvet\u00e9si javul\u00e1si folyamat hozz\u00e1j\u00e1rul a rom\u00e1n \u00e1llamad\u00f3ss\u00e1g-r\u00e1t\u00e1k stabiliz\u00e1l\u00e1s\u00e1hoz, \u00e9s ez a v\u00e1rakoz\u00e1s az egyik pill\u00e9re az ad\u00f3sbesorol\u00e1sra most megadott stabil kil\u00e1t\u00e1snak.<br \/>\nA k\u00f6lts\u00e9gvet\u00e9si konszolid\u00e1ci\u00f3t m\u00e1s makrogazdas\u00e1gi mutat\u00f3k javul\u00e1sa is k\u00eds\u00e9rte. Az infl\u00e1ci\u00f3 2013 v\u00e9g\u00e9re 1,6 sz\u00e1zal\u00e9kra lassult az egy \u00e9vvel kor\u00e1bban m\u00e9rt 5 sz\u00e1zal\u00e9kr\u00f3l. Az export gyorsul\u00f3 \u00fctemben n\u00f6vekedett, mik\u00f6zben az importn\u00f6veked\u00e9s m\u00e9rs\u00e9kelt maradt, \u00e9s ez tavaly 1,1 sz\u00e1zal\u00e9kra cs\u00f6kkentette a foly\u00f3m\u00e9rleg-egyenleg GDP-ar\u00e1nyos hi\u00e1ny\u00e1t a 2012-ben m\u00e9rt 4,4 sz\u00e1zal\u00e9kr\u00f3l. Ez egyben m\u00e9rs\u00e9kelte Rom\u00e1nia k\u00fcls\u0151 finansz\u00edroz\u00e1si ig\u00e9nyeit is &#8211; \u00e1ll a Moody&#8217;s elemz\u00e9s\u00e9ben. A c\u00e9g hangs\u00falyozza, hogy a glob\u00e1lis p\u00e9nz\u00fcgyi v\u00e1ls\u00e1g el\u0151tti \u00f6t \u00e9vben a rom\u00e1n foly\u00f3m\u00e9rleg-deficit \u00e9ves \u00e1tlagban 10,5 sz\u00e1zal\u00e9k volt.<br \/>\nB\u00e1r a rom\u00e1n k\u00fcls\u0151 ad\u00f3ss\u00e1g\u00e1llom\u00e1ny m\u00e9g mindig magas, a foly\u00f3m\u00e9rleg-hi\u00e1ny jelent\u0151s cs\u00f6kken\u00e9se azonban lass\u00edtotta a k\u00fcls\u0151 ad\u00f3ss\u00e1g n\u00f6veked\u00e9si \u00fctem\u00e9t, \u00e9s ez is a rom\u00e1n szuver\u00e9n ad\u00f3soszt\u00e1lyzat stabil kil\u00e1t\u00e1s\u00e1nak egyik al\u00e1t\u00e1maszt\u00f3 t\u00e9nyez\u0151je &#8211; \u00e1ll a hitelmin\u0151s\u00edt\u0151 indokl\u00e1s\u00e1ban.<br \/>\nA rom\u00e1n gazdas\u00e1g teljes\u00edtm\u00e9nye tavaly 3,5 sz\u00e1zal\u00e9kkal n\u0151tt a 2010-2012 k\u00f6z\u00f6tti id\u0151szak 0,6 sz\u00e1zal\u00e9kos \u00e9ves \u00e1tlaga ut\u00e1n, \u00e9s a Moody&#8217;s szerint ez a n\u00f6veked\u00e9si \u00fctem fenntarthat\u00f3 az export-versenyk\u00e9pess\u00e9get \u00e9s a beruh\u00e1z\u00e1sokat t\u00e1mogat\u00f3 jelenlegi rom\u00e1n gazdas\u00e1gpolitika alapj\u00e1n.<br \/>\nA hitelmin\u0151s\u00edt\u0151 ugyanakkor val\u00f3sz\u00edn\u0171tlennek tartja, hogy a rom\u00e1n gazdas\u00e1g n\u00f6veked\u00e9si \u00fcteme a k\u00f6vetkez\u0151 k\u00e9t \u00e9vben visszat\u00e9rne a 2005-2008 k\u00f6z\u00f6tt m\u00e9rt 6,5 sz\u00e1zal\u00e9kos \u00e9ves \u00e1tlagra.(MTI)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stabilra jav\u00edtotta a lemin\u0151s\u00edt\u00e9s lehet\u0151s\u00e9g\u00e9re utal\u00f3 eddigi negat\u00edvr\u00f3l Rom\u00e1nia m\u00e9g \u00e9pphogy befektet\u00e9si aj\u00e1nl\u00e1s\u00fa \u00e1llamk\u00f6tv\u00e9ny-oszt\u00e1lyzat\u00e1nak kil\u00e1t\u00e1s\u00e1t p\u00e9nteken a Moody&#8217;s Investors Service, azzal a v\u00e1rakoz\u00e1s\u00e1val indokolva a l\u00e9p\u00e9st, hogy az id\u00e9n folytat\u00f3dik a rom\u00e1n makrogazdas\u00e1gi mutat\u00f3k tavaly kezd\u0151d\u00f6tt javul\u00e1sa.<\/p>\n","protected":false},"author":1,"featured_media":20773,"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\/33554"}],"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=33554"}],"version-history":[{"count":1,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/33554\/revisions"}],"predecessor-version":[{"id":33555,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/33554\/revisions\/33555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media\/20773"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=33554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=33554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=33554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}