{"id":67624,"date":"2015-09-11T13:14:32","date_gmt":"2015-09-11T11:14:32","guid":{"rendered":"http:\/\/gazdasagportal.hu\/?p=67624"},"modified":"2015-09-11T13:14:32","modified_gmt":"2015-09-11T11:14:32","slug":"fitch-a-javulo-kulso-fizetesi-helyzet-javithatja-a-kozep-europaiak-adososztalyzatat","status":"publish","type":"post","link":"https:\/\/gazdasagportal.hu\/index.php\/fitch-a-javulo-kulso-fizetesi-helyzet-javithatja-a-kozep-europaiak-adososztalyzatat\/","title":{"rendered":"Fitch: a javul\u00f3 k\u00fcls\u0151 fizet\u00e9si helyzet jav\u00edthatja a k\u00f6z\u00e9p-eur\u00f3paiak ad\u00f3soszt\u00e1lyzat\u00e1t"},"content":{"rendered":"<p><strong>Az er\u0151s\u00f6d\u0151 foly\u00f3m\u00e9rleg-egyenlegek \u00e9s a helyi bankszektorok k\u00fcls\u0151 ad\u00f3ss\u00e1g\u00e1nak cs\u00f6kken\u00e9se jav\u00edtja a k\u00f6z\u00e9p-eur\u00f3pai EU-gazdas\u00e1gok, k\u00f6zt\u00fck Magyarorsz\u00e1g k\u00fcls\u0151 fizet\u00e9si mutat\u00f3it, \u00e9s ez el\u0151seg\u00edtheti k\u00f6z\u00e9pt\u00e1von e gazdas\u00e1gok \u00e1llamad\u00f3s-oszt\u00e1lyzatainak felmin\u0151s\u00edt\u00e9s\u00e9t &#8211; \u00e1ll a Fitch Ratings p\u00e9nteken Londonban ismertetett \u00e1tfog\u00f3 t\u00e9rs\u00e9gi helyzet\u00e9rt\u00e9kel\u00e9s\u00e9ben.<\/strong><!--more--><\/p>\n<div class=\"ads-in-post1\"><div id=\"gazdasagportal.hu_fullbanner_wideboard\"><\/div>\r\n<\/div>\n<p>    A nemzetk\u00f6zi hitelmin\u0151s\u00edt\u0151 a h\u00e9toldalas elemz\u00e9sben k\u00fcl\u00f6n kiemelte, hogy els\u0151sorban a nett\u00f3 k\u00fcls\u0151 ad\u00f3ss\u00e1g gyors cs\u00f6kken\u00e9se miatt jav\u00edtotta nemr\u00e9giben stabilr\u00f3l felmin\u0151s\u00edt\u00e9s lehet\u0151s\u00e9g\u00e9re utal\u00f3 pozit\u00edvra a magyar szuver\u00e9n ad\u00f3sbesorol\u00e1s kil\u00e1t\u00e1s\u00e1t.<br \/>\n    A Magyarorsz\u00e1got, Szlov\u00e1ki\u00e1t, Szlov\u00e9ni\u00e1t \u00e9s Lengyelorsz\u00e1got vizsg\u00e1l\u00f3 elemz\u00e9sben a Fitch meg\u00e1llap\u00edtja, hogy k\u00fcl\u00f6n\u00f6sen Magyarorsz\u00e1gon \u00e9s Szlov\u00e9ni\u00e1ban ment v\u00e9gbe figyelemrem\u00e9lt\u00f3 fordulat a foly\u00f3m\u00e9rleg-egyenlegekben. E folyamat nyom\u00e1n ezeknek a gazdas\u00e1goknak a k\u00fcls\u0151 fizet\u00e9si m\u00e9rlege imm\u00e1r pozit\u00edv.<br \/>\n    A foly\u00f3m\u00e9rleg-egyenlegek javul\u00e1s\u00e1nak k\u00f6z\u00f6s hajt\u00f3ereje az exportorient\u00e1lt ipari b\u00e1zis b\u0151v\u00fcl\u00e9se, k\u00fcl\u00f6n\u00f6sen a j\u00e1rm\u0171iparban, k\u00f6sz\u00f6nhet\u0151en a k\u00fclf\u00f6ldi befektet\u00e9seknek. Szlov\u00e1kia p\u00e9ld\u00e1ul 2007-ben 600 ezer, tavaly m\u00e1r 900 ezer szem\u00e9lyaut\u00f3t export\u00e1lt &#8211; \u00e1ll a Fitch p\u00e9nteki elemz\u00e9s\u00e9ben. A hitelmin\u0151s\u00edt\u0151 szerint a f\u0151 exportpiacon, az eur\u00f3\u00f6vezetben v\u00e1rhat\u00f3 \u00e9l\u00e9nk\u00fcl\u00e9s val\u00f3sz\u00edn\u0171leg fenntartja ezt a folyamatot.<br \/>\n    A Fitch Ratings m\u00e1jus v\u00e9g\u00e9n jav\u00edtotta pozit\u00edvra Magyarorsz\u00e1g \u00e1llamad\u00f3s-oszt\u00e1lyzatainak kil\u00e1t\u00e1s\u00e1t az addigi stabilr\u00f3l, els\u0151sorban a magyar gazdas\u00e1g k\u00fcls\u0151 fizet\u00e9si mutat\u00f3inak mark\u00e1ns javul\u00e1s\u00e1val indokolva a l\u00e9p\u00e9st.<br \/>\n    A Fitch &#8222;BB plusz&#8221; hossz\u00fa lej\u00e1rat\u00fa magyar szuver\u00e9n devizaad\u00f3s-oszt\u00e1lyzata a m\u00e1sik k\u00e9t nagy hitelmin\u0151s\u00edt\u0151, a Moody&#8217;s Investors Service \u00e9s a Standard &#038; Poor&#8217;s hossz\u00fa t\u00e1v\u00fa magyar \u00e1llamad\u00f3s-min\u0151s\u00edt\u00e9s\u00e9vel azonos, \u00e9s egy fokozattal elmarad a befektet\u00e9si aj\u00e1nl\u00e1s\u00fa &#8222;BBB&#8221; s\u00e1v als\u00f3 sz\u00e9l\u00e9t\u0151l.<br \/>\n    Ha a Fitch Ratings jav\u00edtja a magyar szuver\u00e9n devizaad\u00f3s-oszt\u00e1lyzatot, ez a besorol\u00e1s enn\u00e9l a c\u00e9gn\u00e9l visszaker\u00fclne a befektet\u00e9si aj\u00e1nl\u00e1s\u00fa oszt\u00e1lyzati kateg\u00f3ri\u00e1ba.<br \/>\n    A Fitch Ratings a m\u00e1jusi kil\u00e1t\u00e1sjav\u00edt\u00e1s indokl\u00e1s\u00e1ban kiemelte, hogy a magyar foly\u00f3m\u00e9rleg 2010 \u00f3ta rendre magas t\u00f6bbletekkel z\u00e1r; a tavalyi foly\u00f3m\u00e9rleg-t\u00f6bblet p\u00e9ld\u00e1ul a hazai \u00f6sszterm\u00e9k (GDP) 4,2 sz\u00e1zal\u00e9ka volt.<br \/>\n    Ez &#8211; az ipari termel\u00e9s b\u0151v\u00fcl\u00e9se nyom\u00e1n &#8211; er\u0151teljes \u00e1ru- \u00e9s szolg\u00e1ltat\u00e1s-exportot t\u00fckr\u00f6z, valamint azt, hogy a k\u00fcls\u0151 ad\u00f3ss\u00e1g le\u00e9p\u00edt\u00e9s\u00e9b\u0151l ered\u0151en cs\u00f6kkentek a k\u00fcls\u0151 kamatfizet\u00e9si k\u00f6telezetts\u00e9gek &#8211; \u00e1llt a Fitch akkori elemz\u00e9s\u00e9ben.<br \/>\n    A c\u00e9g az oszt\u00e1lyzati kil\u00e1t\u00e1s jav\u00edt\u00e1s\u00e1hoz f\u0171z\u00f6tt indokl\u00e1s\u00e1ban k\u00f6z\u00f6lte: Magyarorsz\u00e1g felmin\u0151s\u00edt\u00e9s\u00e9hez vezethet, ha a gazdas\u00e1gpolitika stabilabb\u00e1 \u00e9s kisz\u00e1m\u00edthat\u00f3bb\u00e1 v\u00e1lik, \u00e9s ha javul az \u00fczleti k\u00f6rnyezet, \u00e9s ennek eredm\u00e9nyek\u00e9nt stabill\u00e1 \u00e9s kisz\u00e1m\u00edthat\u00f3v\u00e1 v\u00e1lnak p\u00e9ld\u00e1ul a bankszektor m\u0171k\u00f6d\u00e9si keretei is.<br \/>\n    Ugyancsak felmin\u0151s\u00edt\u00e9st eredm\u00e9nyezhet, ha a foly\u00f3m\u00e9rleg-t\u00f6bbletek r\u00e9v\u00e9n tart\u00f3s cs\u00f6kken\u00e9snek indul a k\u00fcls\u0151 ad\u00f3ss\u00e1g\u00e1llom\u00e1ny, \u00e9s ha cs\u00f6kken a k\u00f6zad\u00f3ss\u00e1g-r\u00e1ta &#8211; \u00e1llt a Fitch Ratings elemz\u00e9s\u00e9ben.(MTI)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Az er\u0151s\u00f6d\u0151 foly\u00f3m\u00e9rleg-egyenlegek \u00e9s a helyi bankszektorok k\u00fcls\u0151 ad\u00f3ss\u00e1g\u00e1nak cs\u00f6kken\u00e9se jav\u00edtja a k\u00f6z\u00e9p-eur\u00f3pai EU-gazdas\u00e1gok, k\u00f6zt\u00fck Magyarorsz\u00e1g k\u00fcls\u0151 fizet\u00e9si mutat\u00f3it, \u00e9s ez el\u0151seg\u00edtheti k\u00f6z\u00e9pt\u00e1von e gazdas\u00e1gok \u00e1llamad\u00f3s-oszt\u00e1lyzatainak felmin\u0151s\u00edt\u00e9s\u00e9t &#8211; \u00e1ll a Fitch Ratings p\u00e9nteken Londonban ismertetett \u00e1tfog\u00f3 t\u00e9rs\u00e9gi helyzet\u00e9rt\u00e9kel\u00e9s\u00e9ben.<\/p>\n","protected":false},"author":1,"featured_media":47693,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[146,19,246],"tags":[],"_links":{"self":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/67624"}],"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=67624"}],"version-history":[{"count":1,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/67624\/revisions"}],"predecessor-version":[{"id":67625,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/posts\/67624\/revisions\/67625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media\/47693"}],"wp:attachment":[{"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/media?parent=67624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/categories?post=67624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gazdasagportal.hu\/index.php\/wp-json\/wp\/v2\/tags?post=67624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}