{"id":47524,"date":"2024-04-06T15:01:00","date_gmt":"2024-04-06T12:01:00","guid":{"rendered":"https:\/\/economic.karpat.in.ua\/?p=47524"},"modified":"2024-04-06T15:59:46","modified_gmt":"2024-04-06T12:59:46","slug":"megerositette-az-eu-besorolasat-a-moodys","status":"publish","type":"post","link":"https:\/\/economic.karpat.in.ua\/?p=47524&lang=hu","title":{"rendered":"Meger\u0151s\u00edtette az EU besorol\u00e1s\u00e1t a Moody\u2019s"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/10\/moodys-krzf-621x414livemint-d5fb-1591021547804-1024x577.jpg\" alt=\"\" class=\"wp-image-30759\" srcset=\"https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/10\/moodys-krzf-621x414livemint-d5fb-1591021547804-1024x577.jpg 1024w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/10\/moodys-krzf-621x414livemint-d5fb-1591021547804-300x169.jpg 300w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/10\/moodys-krzf-621x414livemint-d5fb-1591021547804-768x433.jpg 768w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/10\/moodys-krzf-621x414livemint-d5fb-1591021547804-1536x866.jpg 1536w, https:\/\/economic.karpat.in.ua\/wp-content\/uploads\/2022\/10\/moodys-krzf-621x414livemint-d5fb-1591021547804.jpg 1597w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A Moody&#8217;s Ratings meger\u0151s\u00edtette v\u00e1ltozatlan az Eur\u00f3pai Uni\u00f3 lehets\u00e9ges legjobb, \u201eAaa\u201d szint\u0171 hossz\u00fat\u00e1v\u00fa besorol\u00e1s\u00e1t. A hitelmin\u0151s\u00edt\u0151 szerint a 27 tagorsz\u00e1g k\u00e9szs\u00e9ge \u00e9s k\u00e9pess\u00e9ge az Uni\u00f3 p\u00e9nz\u00fcgyi t\u00e1mogat\u00e1s\u00e1ra nagyon er\u0151teljes, az EU teljes k\u00f6telezetts\u00e9g\u00e1llom\u00e1nya v\u00e1rhat\u00f3an meghaladja id\u00e9n az 500 milli\u00e1rd eur\u00f3t.<\/strong><br>Meger\u0151s\u00edtette v\u00e1ltozatlan stabil kil\u00e1t\u00e1ssal az Eur\u00f3pai Uni\u00f3 lehets\u00e9ges legjobb, \u201eAaa\u201d szint\u0171 hossz\u00fa t\u00e1v\u00fa besorol\u00e1s\u00e1t a Moody&#8217;s Ratings. A nemzetk\u00f6zi hitelmin\u0151s\u00edt\u0151 a p\u00e9ntek \u00e9jjel Londonban bejelentett d\u00f6nt\u00e9s indokl\u00e1s\u00e1ban kiemeli:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Az EU els\u0151rend\u0171 oszt\u00e1lyzat\u00e1t al\u00e1t\u00e1maszt\u00f3 legf\u0151bb t\u00e9nyez\u0151 a 27 tagorsz\u00e1g nagyon er\u0151teljes k\u00e9szs\u00e9ge \u00e9s k\u00e9pess\u00e9ge az uni\u00f3 p\u00e9nz\u00fcgyi t\u00e1mogat\u00e1s\u00e1ra.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Moody&#8217;s hangs\u00falyozza: a tagorsz\u00e1gok er\u0151s t\u00e1mogat\u00e1si k\u00e9pess\u00e9g\u00e9t jelzi az EU \u201ea1\u201d szint\u0171 \u00e1tlagos s\u00falyoz\u00e1s\u00fa \u00e9rdekelts\u00e9gi oszt\u00e1lyzata, amely a vil\u00e1g legmagasabb ilyen jelleg\u0171 min\u0151s\u00edt\u00e9sei k\u00f6z\u00f6tt van nemzetek feletti szervez\u0151d\u00e9sek eset\u00e9ben.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A hitelmin\u0151s\u00edt\u0151 szerint az Eur\u00f3pai Uni\u00f3 k\u00fcl\u00f6n\u00f6s m\u00e9rt\u00e9kben sz\u00e1m\u00edthat a magas besorol\u00e1s\u00fa tag\u00e1llamok \u2013 k\u00f6zt\u00fck N\u00e9metorsz\u00e1g (Aaa\/stabil), Franciaorsz\u00e1g (Aa2\/stabil) \u00e9s Hollandia (Aaa\/stabil) \u2013 p\u00e9nz\u00fcgyi t\u00e1mogat\u00e1s\u00e1ra.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Moody&#8217;s meg\u00e1llap\u00edtja, hogy a koronav\u00edrus-j\u00e1rv\u00e1nyra adott v\u00e1laszint\u00e9zked\u00e9sek jelent\u0151sen megv\u00e1ltoztatt\u00e1k az EU ad\u00f3ss\u00e1gkibocs\u00e1t\u00f3i szerep\u00e9t \u00e9s dominanci\u00e1j\u00e1t.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A j\u00e1rv\u00e1ny miatt megn\u00f6vekedett munkan\u00e9lk\u00fclis\u00e9g cs\u00f6kkent\u00e9s\u00e9t c\u00e9lz\u00f3 uni\u00f3s program (SURE) 100 milli\u00e1rd eur\u00f3s finansz\u00edroz\u00e1sa, illetve a j\u00e1rv\u00e1ny k\u00f6vetkezm\u00e9nyeinek felsz\u00e1mol\u00e1s\u00e1ra Next Generation EU (NGEU) n\u00e9ven meghirdetett, 800 milli\u00e1rd eur\u00f3ig terjed\u0151 uni\u00f3s helyre\u00e1ll\u00edt\u00e1si alap az Eur\u00f3pai Uni\u00f3 ad\u00f3ss\u00e1gkibocs\u00e1t\u00e1s\u00e1nak meredek \u00edv\u0171 emelked\u00e9s\u00e9hez vezetett \u2013 \u00e1ll a Moody&#8217;s elemz\u00e9s\u00e9ben.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A hitelmin\u0151s\u00edt\u0151 k\u00f6z\u00f6lte: v\u00e1rakoz\u00e1sa szerint az EU teljes k\u00f6telezetts\u00e9g\u00e1llom\u00e1nya az id\u00e9n meghaladja az 500 milli\u00e1rd eur\u00f3t, ez hozz\u00e1vet\u0151leg a 2019-ben m\u00e9rt ad\u00f3ss\u00e1gszint t\u00edzszerese.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A c\u00e9g szerint az ellen\u00e1ll\u00f3k\u00e9pess\u00e9g jav\u00edt\u00e1s\u00e1ra \u00e9s a kil\u00e1bal\u00e1s el\u0151seg\u00edt\u00e9s\u00e9re szolg\u00e1l\u00f3 eur\u00f3pai uni\u00f3s p\u00e9nz\u00fcgyi eszk\u00f6z (RRF) 2026-ig tart\u00f3 alkalmaz\u00e1si id\u0151szak\u00e1nak v\u00e9g\u00e9re val\u00f3sz\u00edn\u0171leg 900 milli\u00e1rd \u00e9s ezermilli\u00e1rd eur\u00f3 k\u00f6z\u00f6tti szintre emelkedik tov\u00e1bb az uni\u00f3s ad\u00f3ss\u00e1g\u00e1llom\u00e1ny.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Moody&#8217;s hangs\u00falyozza ugyanakkor, hogy az Eur\u00f3pai Bizotts\u00e1g rendk\u00edv\u00fcl hat\u00e9konyan ir\u00e1ny\u00edtja a meredeken emelked\u0151 \u00e9s tart\u00f3san magas \u00f6sszeg\u0171 ad\u00f3ss\u00e1gkibocs\u00e1t\u00e1sokat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201eAz EU 2021 \u00f3ta \u00e9vente rendre 100-150 milli\u00e1rd eur\u00f3 \u00faj ad\u00f3ss\u00e1got bocs\u00e1t ki, \u00e9s e kibocs\u00e1t\u00e1sok ir\u00e1nt v\u00e1ltozatlanul nagy \u00e9s sokoldal\u00fa befektet\u0151i k\u00f6r tan\u00fas\u00edt jelent\u0151s \u00e9rdekl\u0151d\u00e9st\u201d \u2013 \u00e1ll a Moody&#8217;s elemz\u00e9s\u00e9ben.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">J\u00f3llehet az EU hitelk\u00f6lts\u00e9gei a glob\u00e1lis kamatfolyamatok er\u0151teljes ir\u00e1nyv\u00e1lt\u00e1sa k\u00f6zepette megemelkedtek, az uni\u00f3 tov\u00e1bbra is jelent\u0151s ad\u00f3ss\u00e1gmennyis\u00e9get tud kibocs\u00e1tani versenyk\u00e9pes kamatok mellett \u2013 hangs\u00falyozza a hitelmin\u0151s\u00edt\u0151.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Moody&#8217;s kiemeli, hogy az EU k\u00f6zvetlen hitelk\u00f6vetel\u00e9si kitetts\u00e9ge Ukrajn\u00e1val szemben jelenleg mintegy 30 milli\u00e1rd eur\u00f3, \u00e9s az uni\u00f3s vezet\u0151k febru\u00e1rban tov\u00e1bbi 50 milli\u00e1rd eur\u00f3s, 2027-ig foly\u00f3s\u00edtand\u00f3 hitel- \u00e9s adom\u00e1nycsomag \u00f6ssze\u00e1ll\u00edt\u00e1s\u00e1r\u00f3l egyeztek meg.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A hitelek foly\u00f3s\u00edt\u00e1sa egy alacsony hitelk\u00e9pess\u00e9gi min\u0151s\u00edt\u00e9s\u0171, h\u00e1bor\u00faban \u00e1ll\u00f3 szuver\u00e9n ad\u00f3s sz\u00e1m\u00e1ra jelent\u0151s p\u00e9nz\u00fcgyi kock\u00e1zattal j\u00e1r, az EU \u00e1ltal Ukrajn\u00e1nak ny\u00fajtott hitelek tartal\u00e9kfedezeti r\u00e1t\u00e1ja azonban 70 sz\u00e1zal\u00e9k, vagyis igen magas \u2013 \u00e1ll a Moody&#8217;s elemz\u00e9s\u00e9ben.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nemr\u00e9giben egy m\u00e1sik nemzetk\u00f6zi hitelmin\u0151s\u00edt\u0151, a Fitch Ratings is meger\u0151s\u00edtette v\u00e1ltozatlan stabil kil\u00e1t\u00e1ssal az Eur\u00f3pai Uni\u00f3 lehets\u00e9ges legjobb \u2013 e c\u00e9g m\u00f3dszertan\u00e1ban &#8220;AAA&#8221;-val jel\u00f6lt \u2013 hossz\u00fa t\u00e1v\u00fa besorol\u00e1s\u00e1t. A Fitch szint\u00e9n azzal a v\u00e9lem\u00e9ny\u00e9vel indokolta a d\u00f6nt\u00e9st, hogy az uni\u00f3s tagorsz\u00e1gok er\u0151teljesen elk\u00f6telezettek az EU p\u00e9nz\u00fcgyi t\u00e1mogat\u00e1sa mellett.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/index.hu\/kulfold\/2024\/04\/06\/moodys-europai-unio-hitelminosito-stabilitas-legjobb\/\" target=\"_blank\" rel=\"noreferrer noopener\">Forr\u00e1s<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Moody&#8217;s Ratings meger\u0151s\u00edtette v\u00e1ltozatlan az Eur\u00f3pai Uni\u00f3 lehets\u00e9ges legjobb, \u201eAaa\u201d szint\u0171 hossz\u00fat\u00e1v\u00fa besorol\u00e1s\u00e1t. A hitelmin\u0151s\u00edt\u0151 szerint a 27 tagorsz\u00e1g k\u00e9szs\u00e9ge \u00e9s k\u00e9pess\u00e9ge az Uni\u00f3 p\u00e9nz\u00fcgyi t\u00e1mogat\u00e1s\u00e1ra nagyon er\u0151teljes, az EU teljes k\u00f6telezetts\u00e9g\u00e1llom\u00e1nya v\u00e1rhat\u00f3an meghaladja id\u00e9n az 500 milli\u00e1rd eur\u00f3t.<\/p>\n","protected":false},"author":4,"featured_media":30759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,41,49,39],"tags":[179,1195],"class_list":["post-47524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-a-nap-hirei","category-cikkek","category-hirek","category-vilag","tag-europai-unio","tag-moodys-2"],"_links":{"self":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/47524","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47524"}],"version-history":[{"count":2,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/47524\/revisions"}],"predecessor-version":[{"id":47537,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/posts\/47524\/revisions\/47537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=\/wp\/v2\/media\/30759"}],"wp:attachment":[{"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economic.karpat.in.ua\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}