{"id":27806,"date":"2022-08-07T20:31:00","date_gmt":"2022-08-07T17:31:00","guid":{"rendered":"https:\/\/economic.karpat.in.ua\/?p=27806"},"modified":"2022-08-07T17:53:51","modified_gmt":"2022-08-07T14:53:51","slug":"harom-europai-orszag-kapott-negativ-kilatast-a-moodys-tol","status":"publish","type":"post","link":"https:\/\/economic.karpat.in.ua\/?p=27806&lang=hu","title":{"rendered":"H\u00e1rom eur\u00f3pai orsz\u00e1g kapott negat\u00edv kil\u00e1t\u00e1st a Moody&#8217;s-t\u00f3l"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Szlov\u00e1kia, Csehorsz\u00e1g \u00e9s Olaszorsz\u00e1g hitelbesorol\u00e1s\u00e1t is negat\u00edv, teh\u00e1t lemin\u0151s\u00edt\u00e9st val\u00f3sz\u00edn\u0171s\u00edt\u0151 kil\u00e1t\u00e1ssal l\u00e1tta el a Moody&#8217;s hitelmin\u0151s\u00edt\u0151. A l\u00e9p\u00e9sek els\u0151sorban az eur\u00f3pai energiav\u00e1ls\u00e1gra reflekt\u00e1lnak.<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/08\/rontott-a-magyar-bankszektor-megitelesen-a-moodys-317037-1024x576.jpg\" alt=\"\" class=\"wp-image-27807\" srcset=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/08\/rontott-a-magyar-bankszektor-megitelesen-a-moodys-317037-1024x576.jpg 1024w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/08\/rontott-a-magyar-bankszektor-megitelesen-a-moodys-317037-300x169.jpg 300w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/08\/rontott-a-magyar-bankszektor-megitelesen-a-moodys-317037-768x432.jpg 768w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/08\/rontott-a-magyar-bankszektor-megitelesen-a-moodys-317037.jpg 1125w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">A Szlov\u00e1ki\u00e1ra vonatkoz\u00f3 kil\u00e1t\u00e1s stabilr\u00f3l negat\u00edvra t\u00f6rt\u00e9n\u0151 megv\u00e1ltoztat\u00e1sa az orsz\u00e1g Oroszorsz\u00e1gt\u00f3l val\u00f3 jelent\u0151s energiaf\u00fcgg\u0151s\u00e9g\u00e9t t\u00fckr\u00f6zi \u2013 sz\u00f3l az indokl\u00e1s. Tekintettel Szlov\u00e1kia nagy ipari szektor\u00e1ra \u00e9s az Eur\u00f3pai Uni\u00f3ba val\u00f3 integr\u00e1lts\u00e1g\u00e1ra, az Oroszorsz\u00e1gb\u00f3l \u00e9rkez\u0151 g\u00e1zsz\u00e1ll\u00edt\u00e1sok tart\u00f3s cs\u00f6kken\u00e9se jelent\u0151sen gyeng\u00edtheti az orsz\u00e1g gazdas\u00e1g\u00e1t, ami viszont negat\u00edvan hatna Szlov\u00e1kia \u00e1llamh\u00e1ztart\u00e1s\u00e1ra, \u00e9s s\u00falyosb\u00edtan\u00e1 a m\u00e1r megl\u00e9v\u0151 struktur\u00e1lis kih\u00edv\u00e1sokat, p\u00e9ld\u00e1ul a n\u00e9pess\u00e9g el\u00f6reged\u00e9s\u00e9t. A szlov\u00e1k hossz\u00fa lej\u00e1rat\u00fa, deviz\u00e1ban denomin\u00e1lt \u00e1llamad\u00f3ss\u00e1g\u00e1nak besorol\u00e1sa A2.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Olaszorsz\u00e1g eset\u00e9ben a Baa3 besorol\u00e1s kapott negat\u00edv kil\u00e1t\u00e1st. Indokl\u00e1s\u00e1ban a Moody&#8217;s kiemeli, hogy m\u00edg a n\u00f6veked\u00e9s \u00e9s a k\u00f6lts\u00e9gvet\u00e9si fejlem\u00e9nyek 2021-ben \u00e9s 2022 elej\u00e9n pozit\u00edv meglepet\u00e9seket okoztak, az ut\u00f3bbi id\u0151ben az olasz hitelprofilra vonatkoz\u00f3 kock\u00e1zatok egyre ink\u00e1bb felhalmoz\u00f3dtak az ukrajnai orosz inv\u00e1zi\u00f3 gazdas\u00e1gi hat\u00e1sa \u00e9s a belpolitikai fejlem\u00e9nyek (az \u00fajabb korm\u00e1nyv\u00e1ls\u00e1g) miatt. Mindkett\u0151nek l\u00e9nyeges hitelez\u00e9si kihat\u00e1sai lehetnek:<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\"><li>a politikai k\u00f6rnyezet akad\u00e1lyozza a struktur\u00e1lis reformok v\u00e9grehajt\u00e1s\u00e1t, bele\u00e9rtve az Olaszorsz\u00e1g nemzeti helyre\u00e1ll\u00edt\u00e1si \u00e9s rugalmass\u00e1gi terv\u00e9ben (NRRP) foglaltakat is;<\/li><li>az energiaell\u00e1t\u00e1si kih\u00edv\u00e1sok gyeng\u00edtik a gazdas\u00e1gi kil\u00e1t\u00e1sokat;<\/li><li>a k\u00f6lts\u00e9gvet\u00e9si erej\u00e9t tov\u00e1bb gyeng\u00edti a lass\u00fa n\u00f6veked\u00e9s, a magasabb finansz\u00edroz\u00e1si k\u00f6lts\u00e9gek \u00e9s a potenci\u00e1lisan gyeng\u00e9bb k\u00f6lts\u00e9gvet\u00e9si fegyelem.<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Csehorsz\u00e1gban az A3 min\u0151s\u00edt\u00e9st fenyegeti vesz\u00e9ly. A d\u00f6nt\u00e9s azt t\u00fckr\u00f6zi, hogy megn\u00f6vekedett a kock\u00e1zata annak, hogy tart\u00f3s \u00e9s s\u00falyos g\u00e1zell\u00e1t\u00e1si zavarok l\u00e9pnek fel, ami korl\u00e1toz\u00e1sokhoz vezethet, \u00e9s m\u00e9ly recesszi\u00f3ba tasz\u00edthatja az orsz\u00e1g gazdas\u00e1g\u00e1t. Ez negat\u00edv hat\u00e1ssal lehet a trendn\u00f6veked\u00e9sre \u00e9s a k\u00f6lts\u00e9gvet\u00e9si mutat\u00f3k l\u00e9nyeges gyeng\u00fcl\u00e9s\u00e9t okozhatja.<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong><a href=\"https:\/\/www.portfolio.hu\/gazdasag\/20220806\/harom-europai-orszagnak-adott-negativ-kilatast-a-moodys-559919\" target=\"_blank\" rel=\"noreferrer noopener\">(portfolio.hu)<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Szlov\u00e1kia, Csehorsz\u00e1g \u00e9s Olaszorsz\u00e1g hitelbesorol\u00e1s\u00e1t is negat\u00edv, teh\u00e1t lemin\u0151s\u00edt\u00e9st val\u00f3sz\u00edn\u0171s\u00edt\u0151 kil\u00e1t\u00e1ssal l\u00e1tta el a Moody&#8217;s hitelmin\u0151s\u00edt\u0151. A l\u00e9p\u00e9sek els\u0151sorban az eur\u00f3pai energiav\u00e1ls\u00e1gra reflekt\u00e1lnak. <\/p>\n","protected":false},"author":12,"featured_media":27807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,11,39],"tags":[124,51153,1195,74093,1809,3791],"class_list":["post-27806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cikkek","category-kiemelt-tema","category-vilag","tag-csehorszag","tag-leminosites","tag-moodys-2","tag-negativ-kilatas","tag-olaszorszag","tag-szlovakia"],"_links":{"self":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/27806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27806"}],"version-history":[{"count":1,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/27806\/revisions"}],"predecessor-version":[{"id":27808,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/27806\/revisions\/27808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/media\/27807"}],"wp:attachment":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}