{"status":true,"post":{"id":77904,"user_id":23,"status":1,"type":1,"orde":null,"notification_type":0,"static_post":0,"published_at":"2025-11-07 08:44:00","created_at":"2025-11-07T05:44:00.000000Z","updated_at":"2025-11-07T05:44:00.000000Z","edited_at":"2025-11-07 08:44:00","source_id":null,"post_id":77904,"is_featured":0,"title":"Fitch, T\u00fcrkiye\u2019nin not art\u0131\u015f\u0131nda neyi dikkate ald\u0131?","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":"Fitch, T\u00fcrkiye\u2019nin not art\u0131\u015f\u0131nda neyi dikkate ald\u0131?","sub_title":null,"category_id":73,"description":null,"content":"<p id=\"isPasted\"><strong>Fitch Ratings ve di\u011fer rating kurulu\u015flar\u0131, \u00fclkelere not vererek yat\u0131r\u0131m yap\u0131lmas\u0131yla ilgili bir nevi risk derecelendirmesi yaparlar. Baz\u0131 uluslararas\u0131 fonlar da bu notlara bakarak o \u00fclkede pozisyon alabilirler.\u00a0<\/strong><\/p><p><br><\/p><p>Fon ak\u0131\u015f\u0131n\u0131 etkilemesi nedeniyle not art\u0131\u015f\u0131 \u00fclkemize ucuz kaynak giri\u015fi a\u00e7\u0131s\u0131ndan son derece \u00f6nemli.<\/p><p><br><\/p><p><strong>T\u00dcRK\u0130YE\u2019N\u0130N D\u00d6V\u0130Z REZERVLER\u0130<\/strong><\/p><p>Yak\u0131n zamanda Fitch Ratings T\u00fcrkiye\u2019den Sorumlu \u00dclke Derecelendirme K\u0131demli Direkt\u00f6r\u00fc Douglas Winslow, T\u00fcrkiye\u2019nin not art\u0131\u015f\u0131na etkili olan konular\u0131 a\u00e7\u0131klad\u0131. Winslow, T\u00fcrkiye\u2019nin d\u00f6viz rezervleri ve d\u0131\u015f finansman durumunun ge\u00e7en y\u0131l yap\u0131lan not art\u0131\u015f\u0131nda etkili oldu\u011funu s\u00f6yledi.\u00a0<\/p><p><br><\/p><p>Winslow, \u201cD\u00f6viz rezervleri \u015fu anda yakla\u015f\u0131k 180 milyar dolar seviyesine y\u00fckseldi. Bu rakam 2023\u2019te 100 milyar dolard\u0131. Yani \u00f6nemli bir iyile\u015fme var. Rezervlerin kalitesi de daha iyi. E\u011fer yerli bankalarla yap\u0131lan swap i\u015flemlerini d\u0131\u015far\u0131da b\u0131rakarak daha geni\u015f bir \u00f6l\u00e7\u00fcm kullan\u0131rsak br\u00fct rezervlere k\u0131yasla d\u00f6viz rezervlerinde \u00e7ok daha h\u0131zl\u0131 bir art\u0131\u015f g\u00f6r\u00fcyoruz\u201d dedi.<\/p><p><br><\/p><p>B\u00f6ylece Fitch\u2019in not art\u0131r\u0131mlar\u0131nda sanayi b\u00fcy\u00fcmesi, reel sekt\u00f6r ve bankac\u0131l\u0131k sisteminin g\u00fc\u00e7l\u00fc olmas\u0131ndan ziyade ald\u0131\u011f\u0131 paray\u0131 geri \u00f6deyebilir durumda olup olmad\u0131\u011f\u0131n\u0131n daha \u00f6nemli oldu\u011funu da \u00f6\u011frenmi\u015f olduk. Rezerv art\u0131\u015f\u0131 me\u011ferse en \u00f6nemli konuymu\u015f. Peki, o zaman T\u00fcrkiye\u2019den daha d\u00fc\u015f\u00fck rezervi oldu\u011fu halde notu yat\u0131r\u0131m yap\u0131labilir olan \u00fclkelere ne demeli? Sanki s\u00f6ylenenle uygulama \u00f6rt\u00fc\u015fm\u00fcyor gibi.\u00a0<\/p><p><strong><br><\/strong><\/p><p><strong>YUNAN\u0130STAN\u2019IN MAL\u0130 TABLOSU<\/strong><\/p><p>Yunanistan Merkez Bankas\u0131 bilan\u00e7osu, 2001'den 2025'e kadar ortalama 118.279,13 milyon Euro olarak ger\u00e7ekle\u015fti.\u00a0<\/p><p><br><\/p><p>Yunanistan'\u0131n d\u0131\u015f borcu, 2003'ten 2025'e kadar 406.944,25 milyon Euro ortalamayla seyretmi\u015f olup, 2025'in ikinci \u00e7eyre\u011finde 582.882 milyon Euro ile tarihi zirvesine ula\u015ft\u0131.\u00a0<\/p><p><br><\/p><p>Bu \u00fclkeye Fitch Ratings, 16 May\u0131s 2025 g\u00fcn\u00fc BBB- vererek yat\u0131r\u0131m yap\u0131labilir dedi ve g\u00f6r\u00fcn\u00fcm\u00fc de pozitifte tuttu.<\/p><p><br><\/p><p>T\u00fcrkiye\u2019nin br\u00fct d\u0131\u015f bor\u00e7 stoku, 30 Haziran 2025 tarihi itibar\u0131yla 547.7 milyar ABD Dolar\u0131 olarak ger\u00e7ekle\u015fti; stokun milli gelire oran\u0131 ise y\u00fczde 37.2 oldu. Ayn\u0131 tarihte, \u2018T\u00fcrkiye net d\u0131\u015f bor\u00e7 stoku\u2019 ise 295 milyar ABD Dolar\u0131 olarak ger\u00e7ekle\u015ferek stokun milli gelire oran\u0131 y\u00fczde 20 oldu.<\/p><p><br><\/p><p>Yurt d\u0131\u015f\u0131 bor\u00e7 \/ GSY\u0130H oran\u0131, Yunanistan'da 2013'ten 2025'e kadar GSY\u0130H'nin ortalama y\u00fczde 253.56's\u0131 olup, 2021'in d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finde GSY\u0130H'nin y\u00fczde 306's\u0131na ula\u015farak t\u00fcm zamanlar\u0131n en y\u00fcksek seviyesine \u00e7\u0131kt\u0131.<\/p><p><br><\/p><p><strong><em>\u0130\u015fte ger\u00e7ekler\u2026<\/em><\/strong><\/p><p><br><\/p><p><strong>SERMAYE G\u0130R\u0130\u015e\u0130 ENGELLEN\u0130YOR<\/strong><\/p><p>\u015eimdi bu not oyunuyla T\u00fcrkiye\u2019ye sermaye giri\u015fi engellendi\u011fini a\u00e7\u0131k bir \u015fekilde g\u00f6rm\u00fc\u015f oldunuz. \u0130yice bor\u00e7lu bir \u00fclke ve do\u011fru d\u00fcr\u00fcst sanayisi yok ve notu yat\u0131r\u0131m yap\u0131labilir. Di\u011fer taraftan g\u00fc\u00e7l\u00fc sanayisi olan T\u00fcrkiye ve notu yat\u0131r\u0131m yap\u0131labilirin 3 kademe alt\u0131nda tutularak minareye k\u0131l\u0131f uyduruluyor ve verdikleri haks\u0131z notun arkas\u0131ndaki g\u00fcl\u00fcn\u00e7 gerek\u00e7eyi de bize anlat\u0131yorlar.<\/p><p><br><\/p><p>Sak\u0131n bilan\u00e7o risklerinizi g\u00f6z ard\u0131 etmeyin. Atalar\u0131m\u0131z ne demi\u015f? \u201cSu uyur d\u00fc\u015fman uyumaz.\u201d<\/p><p><br><\/p>","slug":"fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-","tags":null,"meta_title":"Fitch, T\u00fcrkiye\u2019nin not art\u0131\u015f\u0131nda neyi dikkate ald\u0131?","meta_description":"Fitch Ratings ve di\u011fer rating kurulu\u015flar\u0131, \u00fclkelere not vererek yat\u0131r\u0131m yap\u0131lmas\u0131yla ilgili bir nevi risk derecelendirmesi yaparlar. Baz\u0131 uluslararas\u0131 fonlar da bu notlara bakarak o \u00fclkede pozisyon alabilirler.","meta_keywords":null,"news_cover_min":"\/front\/uploads\/blog\/thumbnail\/1762462800i8htAZrLAoXC4uc.webp","news_cover":null,"news_video_min":null,"news_video":null,"view_count":0,"cropped_1200x675":"\/front\/uploads\/haber\/1200x675\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_1200x675_bNru8n8Iep.webp","user":{"id":23,"name":"H\u0130KMET","surname":"BAYDAR","email":"hikmet-baydar@gmail.com","slug":"hikmet-baydar","avatar":"\/front\/uploads\/avatar\/1733691600m8IdzrjJsMVvSMC.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-10-19T14:42:06.000000Z","updated_at":"2024-12-18T09:49:02.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":78036,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":77904,"locale":"tr","category_id":73,"title":"Fitch, T\u00fcrkiye\u2019nin not art\u0131\u015f\u0131nda neyi dikkate ald\u0131?","home_title":"Fitch, T\u00fcrkiye\u2019nin not art\u0131\u015f\u0131nda neyi dikkate ald\u0131?","sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":"<p id=\"isPasted\"><strong>Fitch Ratings ve di\u011fer rating kurulu\u015flar\u0131, \u00fclkelere not vererek yat\u0131r\u0131m yap\u0131lmas\u0131yla ilgili bir nevi risk derecelendirmesi yaparlar. Baz\u0131 uluslararas\u0131 fonlar da bu notlara bakarak o \u00fclkede pozisyon alabilirler.\u00a0<\/strong><\/p><p><br><\/p><p>Fon ak\u0131\u015f\u0131n\u0131 etkilemesi nedeniyle not art\u0131\u015f\u0131 \u00fclkemize ucuz kaynak giri\u015fi a\u00e7\u0131s\u0131ndan son derece \u00f6nemli.<\/p><p><br><\/p><p><strong>T\u00dcRK\u0130YE\u2019N\u0130N D\u00d6V\u0130Z REZERVLER\u0130<\/strong><\/p><p>Yak\u0131n zamanda Fitch Ratings T\u00fcrkiye\u2019den Sorumlu \u00dclke Derecelendirme K\u0131demli Direkt\u00f6r\u00fc Douglas Winslow, T\u00fcrkiye\u2019nin not art\u0131\u015f\u0131na etkili olan konular\u0131 a\u00e7\u0131klad\u0131. Winslow, T\u00fcrkiye\u2019nin d\u00f6viz rezervleri ve d\u0131\u015f finansman durumunun ge\u00e7en y\u0131l yap\u0131lan not art\u0131\u015f\u0131nda etkili oldu\u011funu s\u00f6yledi.\u00a0<\/p><p><br><\/p><p>Winslow, \u201cD\u00f6viz rezervleri \u015fu anda yakla\u015f\u0131k 180 milyar dolar seviyesine y\u00fckseldi. Bu rakam 2023\u2019te 100 milyar dolard\u0131. Yani \u00f6nemli bir iyile\u015fme var. Rezervlerin kalitesi de daha iyi. E\u011fer yerli bankalarla yap\u0131lan swap i\u015flemlerini d\u0131\u015far\u0131da b\u0131rakarak daha geni\u015f bir \u00f6l\u00e7\u00fcm kullan\u0131rsak br\u00fct rezervlere k\u0131yasla d\u00f6viz rezervlerinde \u00e7ok daha h\u0131zl\u0131 bir art\u0131\u015f g\u00f6r\u00fcyoruz\u201d dedi.<\/p><p><br><\/p><p>B\u00f6ylece Fitch\u2019in not art\u0131r\u0131mlar\u0131nda sanayi b\u00fcy\u00fcmesi, reel sekt\u00f6r ve bankac\u0131l\u0131k sisteminin g\u00fc\u00e7l\u00fc olmas\u0131ndan ziyade ald\u0131\u011f\u0131 paray\u0131 geri \u00f6deyebilir durumda olup olmad\u0131\u011f\u0131n\u0131n daha \u00f6nemli oldu\u011funu da \u00f6\u011frenmi\u015f olduk. Rezerv art\u0131\u015f\u0131 me\u011ferse en \u00f6nemli konuymu\u015f. Peki, o zaman T\u00fcrkiye\u2019den daha d\u00fc\u015f\u00fck rezervi oldu\u011fu halde notu yat\u0131r\u0131m yap\u0131labilir olan \u00fclkelere ne demeli? Sanki s\u00f6ylenenle uygulama \u00f6rt\u00fc\u015fm\u00fcyor gibi.\u00a0<\/p><p><strong><br><\/strong><\/p><p><strong>YUNAN\u0130STAN\u2019IN MAL\u0130 TABLOSU<\/strong><\/p><p>Yunanistan Merkez Bankas\u0131 bilan\u00e7osu, 2001'den 2025'e kadar ortalama 118.279,13 milyon Euro olarak ger\u00e7ekle\u015fti.\u00a0<\/p><p><br><\/p><p>Yunanistan'\u0131n d\u0131\u015f borcu, 2003'ten 2025'e kadar 406.944,25 milyon Euro ortalamayla seyretmi\u015f olup, 2025'in ikinci \u00e7eyre\u011finde 582.882 milyon Euro ile tarihi zirvesine ula\u015ft\u0131.\u00a0<\/p><p><br><\/p><p>Bu \u00fclkeye Fitch Ratings, 16 May\u0131s 2025 g\u00fcn\u00fc BBB- vererek yat\u0131r\u0131m yap\u0131labilir dedi ve g\u00f6r\u00fcn\u00fcm\u00fc de pozitifte tuttu.<\/p><p><br><\/p><p>T\u00fcrkiye\u2019nin br\u00fct d\u0131\u015f bor\u00e7 stoku, 30 Haziran 2025 tarihi itibar\u0131yla 547.7 milyar ABD Dolar\u0131 olarak ger\u00e7ekle\u015fti; stokun milli gelire oran\u0131 ise y\u00fczde 37.2 oldu. Ayn\u0131 tarihte, \u2018T\u00fcrkiye net d\u0131\u015f bor\u00e7 stoku\u2019 ise 295 milyar ABD Dolar\u0131 olarak ger\u00e7ekle\u015ferek stokun milli gelire oran\u0131 y\u00fczde 20 oldu.<\/p><p><br><\/p><p>Yurt d\u0131\u015f\u0131 bor\u00e7 \/ GSY\u0130H oran\u0131, Yunanistan'da 2013'ten 2025'e kadar GSY\u0130H'nin ortalama y\u00fczde 253.56's\u0131 olup, 2021'in d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finde GSY\u0130H'nin y\u00fczde 306's\u0131na ula\u015farak t\u00fcm zamanlar\u0131n en y\u00fcksek seviyesine \u00e7\u0131kt\u0131.<\/p><p><br><\/p><p><strong><em>\u0130\u015fte ger\u00e7ekler\u2026<\/em><\/strong><\/p><p><br><\/p><p><strong>SERMAYE G\u0130R\u0130\u015e\u0130 ENGELLEN\u0130YOR<\/strong><\/p><p>\u015eimdi bu not oyunuyla T\u00fcrkiye\u2019ye sermaye giri\u015fi engellendi\u011fini a\u00e7\u0131k bir \u015fekilde g\u00f6rm\u00fc\u015f oldunuz. \u0130yice bor\u00e7lu bir \u00fclke ve do\u011fru d\u00fcr\u00fcst sanayisi yok ve notu yat\u0131r\u0131m yap\u0131labilir. Di\u011fer taraftan g\u00fc\u00e7l\u00fc sanayisi olan T\u00fcrkiye ve notu yat\u0131r\u0131m yap\u0131labilirin 3 kademe alt\u0131nda tutularak minareye k\u0131l\u0131f uyduruluyor ve verdikleri haks\u0131z notun arkas\u0131ndaki g\u00fcl\u00fcn\u00e7 gerek\u00e7eyi de bize anlat\u0131yorlar.<\/p><p><br><\/p><p>Sak\u0131n bilan\u00e7o risklerinizi g\u00f6z ard\u0131 etmeyin. Atalar\u0131m\u0131z ne demi\u015f? \u201cSu uyur d\u00fc\u015fman uyumaz.\u201d<\/p><p><br><\/p>","slug":"fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-","orjinalimage":"\/front\/uploads\/blog\/thumbnail\/1762462800i8htAZrLAoXC4uc.webp","news_cover_min":"\/front\/uploads\/blog\/thumbnail\/1762462800i8htAZrLAoXC4uc.webp","news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":"\/front\/uploads\/haber\/638x552\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_638x552_qGgaLI80TV.webp","cropped_310x208":"\/front\/uploads\/haber\/310x208\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_310x208_mAqHDAsIcZ.webp","cropped_416x247":"\/front\/uploads\/haber\/416x247\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_416x247_pGVFt6CBCS.webp","cropped_197x247":"\/front\/uploads\/haber\/197x247\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_197x247_JBNlbhgUrE.webp","cropped_416x600":"\/front\/uploads\/haber\/416x600\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_416x600_Hc7LYYrxCa.webp","cropped_1200x675":"\/front\/uploads\/haber\/1200x675\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_1200x675_bNru8n8Iep.webp","tags":null,"meta_title":"Fitch, T\u00fcrkiye\u2019nin not art\u0131\u015f\u0131nda neyi dikkate ald\u0131?","meta_description":"Fitch Ratings ve di\u011fer rating kurulu\u015flar\u0131, \u00fclkelere not vererek yat\u0131r\u0131m yap\u0131lmas\u0131yla ilgili bir nevi risk derecelendirmesi yaparlar. Baz\u0131 uluslararas\u0131 fonlar da bu notlara bakarak o \u00fclkede pozisyon alabilirler.","meta_keywords":null,"view_count":0,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":"\/front\/uploads\/haber\/358x214\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_358x214_giFDkpxqGa.webp","cropped_842x474":"\/front\/uploads\/haber\/842x474\/fitch-turkiyenin-not-artisinda-neyi-dikkate-aldi-_842x474_Inr5q3i52h.webp"}]}}