{"status":true,"post":{"id":14734,"user_id":10,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-21 09:50:30","created_at":"2016-10-02T21:00:00.000000Z","updated_at":"2022-10-21T06:50:30.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":14734,"is_featured":0,"title":"Moody\u2019s\u2019in not indiriminin olas\u0131 etkileri","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":null,"content":" \t\t\t\t\t \t\t\t\t\t

T\u00fcrkiye uluslararas\u0131 kredi derecelendirme \u015firketlerinin ikisinden sahip oldu\u011fu yat\u0131r\u0131m yap\u0131labilir kredi notundan birisini kaybetti. Moody\u2019s, T\u00fcrkiye\u2019nin yat\u0131r\u0131m yap\u0131labilir kredi notunu d\u00fc\u015f\u00fcrd\u00fc. Moody\u2019s notu Ba1, g\u00f6r\u00fcn\u00fcm\u00fc ise dura\u011fan olarak belirledi. Bu not indiriminin nedenleri \u00e7ok tart\u0131\u015f\u0131labilir. Ancak \u00f6ncelikle bu not indiriminin olas\u0131 etkileri \u00fczerine yo\u011funla\u015fmal\u0131 ve gerekli \u00f6nlemleri almal\u0131y\u0131z.<\/span><\/p>

1. NOT \u0130ND\u0130R\u0130M\u0130NE \u0130K\u0130 NEDEN G\u00d6STER\u0130LD\u0130, G\u00d6R\u00dcN\u00dcM \u0130SE DURA\u011eAN <\/strong><\/span><\/p>

Moody\u2019s, yat\u0131r\u0131m yap\u0131labilir kredi notunun d\u00fc\u015f\u00fcr\u00fclmesinde iki neden ortaya koydu. Birincisi; T\u00fcrkiye\u2019nin y\u00fcksek boyutlu d\u0131\u015f finansmanihtiyac\u0131na ba\u011fl\u0131 risklerdeki art\u0131\u015ft\u0131r. \u0130kincisi ise daha \u00f6nce destekleyici olan bor\u00e7lanma temellerinde, \u00f6zellikle de b\u00fcy\u00fcme ve kurumsal sa\u011flaml\u0131kta zay\u0131flamad\u0131r. G\u00f6r\u00fcn\u00fcm ise dura\u011fan olarak belirlendi.<\/span><\/p>

Dura\u011fan g\u00f6r\u00fcn\u00fcm T\u00fcrkiye\u2019nin ekonomik dayan\u0131kl\u0131l\u0131\u011f\u0131nda ya\u015fanan y\u0131pranma ve cari a\u00e7\u0131k taraf\u0131nda artan bask\u0131dan kaynaklanan a\u015fa\u011f\u0131 y\u00f6nl\u00fc riskler ile h\u00fck\u00fcmetin b\u00fct\u00e7e konusunda kaydetti\u011fi sa\u011flam ge\u00e7mi\u015fin bir dengesidir. <\/span><\/p>

2. KRED\u0130 NOTUNA \u0130L\u0130\u015eK\u0130N R\u0130SKLER <\/strong><\/span><\/p>

Kredi notu \u00fczerinde yine a\u015fa\u011f\u0131 ve yukar\u0131 y\u00f6nl\u00fc bask\u0131lar bulunuyor. Cari dengesizli\u011fin y\u00fcksekolmaya devam etmesi halinde not bask\u0131 alt\u0131nda kalmaya devam edecek. Kamu maliyesindeki trendin somut bi\u00e7imde tersine d\u00f6nmesi, yabanc\u0131 fon ak\u0131m\u0131n\u0131n ani ve kal\u0131c\u0131 bi\u00e7imde terse d\u00f6nmesi ile kurumsal sa\u011flaml\u0131\u011f\u0131n beklenenin \u00f6tesinde y\u0131pranmas\u0131 ya da siyasi risklerde beklenenin \u00f6tesinde art\u0131\u015f g\u00f6r\u00fclmesi durumunda T\u00fcrkiye\u2019nin kredi notunda a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131lar artacak. Ancak bu zay\u0131fl\u0131klarda yap\u0131sal azal\u0131\u015f olmas\u0131 veya T\u00fcrkiye\u2019nin kurumsal ortam\u0131nda ya da rekabet\u00e7ili\u011finde somut iyile\u015fmeolmas\u0131 durumunda T\u00fcrkiye\u2019nin kredi notunda yukar\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015facak. Jeopolitik ya da yurt i\u00e7indeki siyasi ortamdan kaynaklanan siyasi risklerin azalmas\u0131, ne kadar pozitif olsa da, di\u011fer iyile\u015fmeler ger\u00e7ekle\u015fmeden kredi notunda bir art\u0131\u015fa neden olmayacak. <\/span><\/p>

3. SIKI PARA POL\u0130T\u0130KASINDAN TEMK\u0130NL\u0130 PARA POL\u0130T\u0130KASINA GE\u00c7ME KARARI<\/strong><\/span><\/p>

Merkez Bankas\u0131 ba\u015far\u0131s\u0131z darbe giri\u015fimi sonras\u0131 finansal istikrar\u0131 korumaya \u00e7al\u0131\u015ft\u0131 ve \u00f6nemli \u00f6l\u00e7\u00fcde ba\u015far\u0131l\u0131 oldu. Ancak ba\u015far\u0131s\u0131z darbe giri\u015fiminin iktisadi faaliyetler \u00fczerinde yava\u015flat\u0131c\u0131 etkisi hissediliyor. Bu nedenle Merkez Bankas\u0131 bir yandan faiz indirimlerini s\u00fcrd\u00fcr\u00fcrken s\u0131k\u0131 para politikas\u0131 yerine temkinli para politikas\u0131na ge\u00e7me karar\u0131 ald\u0131. \u015eu anda bu karar\u0131 destekleyen uygun k\u00fcresel mali ko\u015fullar\u0131n devam etmesi halinde Merkez Bankas\u0131 \u00f6n\u00fcm\u00fczdeki aylarda daha gev\u015fek bir para politikas\u0131 izleme ve faiz indirimlerine devam hedefindedir.<\/span><\/p>

Ancak Moody\u2019s\u2019in kredi notu indirimi bunu \u00f6teleyecek veya engelleyecek. Merkez Bankas\u0131 muhtemelen para politikas\u0131ndaki s\u0131k\u0131 duru\u015fu s\u00fcrd\u00fcrecek ve hatta gerekirse s\u0131k\u0131la\u015fmay\u0131 art\u0131racak.<\/span><\/p>

Son S\u00f6z;<\/strong> kredi notu d\u00fc\u015f\u00fc\u015f\u00fcn\u00fcn olu\u015fturaca\u011f\u0131 etkilere kar\u015f\u0131 i\u015flerimizde gerekli \u00f6nlemleri alal\u0131m.<\/span><\/p> \t\t\t\t","slug":"moodysin-not-indiriminin-olasi-etkileri","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Moody\u2019s\u2019in not indiriminin olas\u0131 etkileri","meta_description":"Dr. Can G\u00fcrlesel","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":130,"cropped_1200x675":null,"user":{"id":10,"name":"CAN","surname":"G\u00dcRLESEL","email":"durmaz.umran@superposta.com","slug":"dr-can-gurlesel","avatar":"\/front\/uploads\/avatar\/17336916008P5QTYWdQ2pLpLn.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-09-15T09:39:41.000000Z","updated_at":"2024-12-18T09:51:00.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":14833,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":14734,"locale":"tr","category_id":73,"title":"Moody\u2019s\u2019in not indiriminin olas\u0131 etkileri","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":" \t\t\t\t\t \t\t\t\t\t

T\u00fcrkiye uluslararas\u0131 kredi derecelendirme \u015firketlerinin ikisinden sahip oldu\u011fu yat\u0131r\u0131m yap\u0131labilir kredi notundan birisini kaybetti. Moody\u2019s, T\u00fcrkiye\u2019nin yat\u0131r\u0131m yap\u0131labilir kredi notunu d\u00fc\u015f\u00fcrd\u00fc. Moody\u2019s notu Ba1, g\u00f6r\u00fcn\u00fcm\u00fc ise dura\u011fan olarak belirledi. Bu not indiriminin nedenleri \u00e7ok tart\u0131\u015f\u0131labilir. Ancak \u00f6ncelikle bu not indiriminin olas\u0131 etkileri \u00fczerine yo\u011funla\u015fmal\u0131 ve gerekli \u00f6nlemleri almal\u0131y\u0131z.<\/span><\/p>

1. NOT \u0130ND\u0130R\u0130M\u0130NE \u0130K\u0130 NEDEN G\u00d6STER\u0130LD\u0130, G\u00d6R\u00dcN\u00dcM \u0130SE DURA\u011eAN <\/strong><\/span><\/p>

Moody\u2019s, yat\u0131r\u0131m yap\u0131labilir kredi notunun d\u00fc\u015f\u00fcr\u00fclmesinde iki neden ortaya koydu. Birincisi; T\u00fcrkiye\u2019nin y\u00fcksek boyutlu d\u0131\u015f finansmanihtiyac\u0131na ba\u011fl\u0131 risklerdeki art\u0131\u015ft\u0131r. \u0130kincisi ise daha \u00f6nce destekleyici olan bor\u00e7lanma temellerinde, \u00f6zellikle de b\u00fcy\u00fcme ve kurumsal sa\u011flaml\u0131kta zay\u0131flamad\u0131r. G\u00f6r\u00fcn\u00fcm ise dura\u011fan olarak belirlendi.<\/span><\/p>

Dura\u011fan g\u00f6r\u00fcn\u00fcm T\u00fcrkiye\u2019nin ekonomik dayan\u0131kl\u0131l\u0131\u011f\u0131nda ya\u015fanan y\u0131pranma ve cari a\u00e7\u0131k taraf\u0131nda artan bask\u0131dan kaynaklanan a\u015fa\u011f\u0131 y\u00f6nl\u00fc riskler ile h\u00fck\u00fcmetin b\u00fct\u00e7e konusunda kaydetti\u011fi sa\u011flam ge\u00e7mi\u015fin bir dengesidir. <\/span><\/p>

2. KRED\u0130 NOTUNA \u0130L\u0130\u015eK\u0130N R\u0130SKLER <\/strong><\/span><\/p>

Kredi notu \u00fczerinde yine a\u015fa\u011f\u0131 ve yukar\u0131 y\u00f6nl\u00fc bask\u0131lar bulunuyor. Cari dengesizli\u011fin y\u00fcksekolmaya devam etmesi halinde not bask\u0131 alt\u0131nda kalmaya devam edecek. Kamu maliyesindeki trendin somut bi\u00e7imde tersine d\u00f6nmesi, yabanc\u0131 fon ak\u0131m\u0131n\u0131n ani ve kal\u0131c\u0131 bi\u00e7imde terse d\u00f6nmesi ile kurumsal sa\u011flaml\u0131\u011f\u0131n beklenenin \u00f6tesinde y\u0131pranmas\u0131 ya da siyasi risklerde beklenenin \u00f6tesinde art\u0131\u015f g\u00f6r\u00fclmesi durumunda T\u00fcrkiye\u2019nin kredi notunda a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131lar artacak. Ancak bu zay\u0131fl\u0131klarda yap\u0131sal azal\u0131\u015f olmas\u0131 veya T\u00fcrkiye\u2019nin kurumsal ortam\u0131nda ya da rekabet\u00e7ili\u011finde somut iyile\u015fmeolmas\u0131 durumunda T\u00fcrkiye\u2019nin kredi notunda yukar\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015facak. Jeopolitik ya da yurt i\u00e7indeki siyasi ortamdan kaynaklanan siyasi risklerin azalmas\u0131, ne kadar pozitif olsa da, di\u011fer iyile\u015fmeler ger\u00e7ekle\u015fmeden kredi notunda bir art\u0131\u015fa neden olmayacak. <\/span><\/p>

3. SIKI PARA POL\u0130T\u0130KASINDAN TEMK\u0130NL\u0130 PARA POL\u0130T\u0130KASINA GE\u00c7ME KARARI<\/strong><\/span><\/p>

Merkez Bankas\u0131 ba\u015far\u0131s\u0131z darbe giri\u015fimi sonras\u0131 finansal istikrar\u0131 korumaya \u00e7al\u0131\u015ft\u0131 ve \u00f6nemli \u00f6l\u00e7\u00fcde ba\u015far\u0131l\u0131 oldu. Ancak ba\u015far\u0131s\u0131z darbe giri\u015fiminin iktisadi faaliyetler \u00fczerinde yava\u015flat\u0131c\u0131 etkisi hissediliyor. Bu nedenle Merkez Bankas\u0131 bir yandan faiz indirimlerini s\u00fcrd\u00fcr\u00fcrken s\u0131k\u0131 para politikas\u0131 yerine temkinli para politikas\u0131na ge\u00e7me karar\u0131 ald\u0131. \u015eu anda bu karar\u0131 destekleyen uygun k\u00fcresel mali ko\u015fullar\u0131n devam etmesi halinde Merkez Bankas\u0131 \u00f6n\u00fcm\u00fczdeki aylarda daha gev\u015fek bir para politikas\u0131 izleme ve faiz indirimlerine devam hedefindedir.<\/span><\/p>

Ancak Moody\u2019s\u2019in kredi notu indirimi bunu \u00f6teleyecek veya engelleyecek. Merkez Bankas\u0131 muhtemelen para politikas\u0131ndaki s\u0131k\u0131 duru\u015fu s\u00fcrd\u00fcrecek ve hatta gerekirse s\u0131k\u0131la\u015fmay\u0131 art\u0131racak.<\/span><\/p>

Son S\u00f6z;<\/strong> kredi notu d\u00fc\u015f\u00fc\u015f\u00fcn\u00fcn olu\u015fturaca\u011f\u0131 etkilere kar\u015f\u0131 i\u015flerimizde gerekli \u00f6nlemleri alal\u0131m.<\/span><\/p> \t\t\t\t","slug":"moodysin-not-indiriminin-olasi-etkileri","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Moody\u2019s\u2019in not indiriminin olas\u0131 etkileri","meta_description":"Dr. Can G\u00fcrlesel","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":130,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}