<\/p>\n
Moody\u2019s\u2019in not indirdi\u011fi 1994\u2019ten sonra do\u011frudan yat\u0131r\u0131mlar azalmad\u0131. 19 y\u0131l bekledikten sonra not art\u0131rd\u0131\u011f\u0131 2013\u2019ten sonra da do\u011frudan yat\u0131r\u0131m 2015\u2019te iki ekstra geli\u015fme d\u0131\u015f\u0131nda d\u00fc\u015ft\u00fc. Son 3 y\u0131lda s\u0131cak para bile artmak bir yana azald\u0131.<\/p>\n
Moody\u2019s\u2019in T\u00fcrkiye\u2019nin kredi notunu k\u0131rmas\u0131n\u0131n ard\u0131ndan g\u00f6zler portf\u00f6y yat\u0131r\u0131mlar\u0131 ve \u00f6zellikle do\u011frudan yat\u0131r\u0131mlara \u00e7evrildi. \u00c7\u00fcnk\u00fc kredi derecelendirme kurulu\u015funun verdi\u011fi not o \u00fclkenin yat\u0131r\u0131m g\u00fcvenli\u011fini \u00f6l\u00e7\u00fcyor. Moody\u2019s\u2019in indirip \u00e7\u0131kard\u0131\u011f\u0131 not ise daha da kritik \u00e7\u00fcnk\u00fc bu not T\u00fcrkiye\u2019nin yat\u0131r\u0131m yap\u0131labilir olup olmad\u0131\u011f\u0131n\u0131n tam s\u0131n\u0131r\u0131. Not indi\u011fi zaman T\u00fcrkiye \u2018yat\u0131r\u0131m yap\u0131lamaz\u2019 kategorisine, artt\u0131\u011f\u0131 zaman ise \u2018yat\u0131r\u0131m yap\u0131labilir\u2019 seviyesine ge\u00e7iyor. Ancak kurulu\u015fun \u015fimdiye kadar verdi\u011fi notlar\u0131 yat\u0131r\u0131mc\u0131lar\u0131n \u00e7ok umursamad\u0131klar\u0131 g\u00f6r\u00fcl\u00fcyor.<\/p>\n
1994\u2019te T\u00fcrkiye\u2019nin notunu k\u0131rarak \u2018yat\u0131r\u0131m yap\u0131lamaz\u2019 diyen Moody\u2019s\u2019in ard\u0131ndan 1995 y\u0131l\u0131nda T\u00fcrkiye\u2019de do\u011frudan yat\u0131r\u0131mlar 608 milyon dolardan 885 milyon dolara \u00e7\u0131km\u0131\u015f, sonraki y\u0131l ise 722 milyon dolar olmu\u015ftu. 2001 kriz y\u0131l\u0131na kadar ayn\u0131 s\u00fcre\u00e7 devam etmi\u015fti. Hatta 2001 krizi \u00f6ncesi 3.3 milyar dolara t\u0131rmand\u0131. Daha sonra 1 milyar dolara d\u00fc\u015fen do\u011frudan yat\u0131r\u0131mlar 2005 y\u0131l\u0131nda 10, 2006\u2019da ise 20 milyar dolar ile zirve yapt\u0131.<\/p>\n
GARANT\u0130 VE PETK\u0130M KURTARDI<\/strong><\/p>\n Moody\u2019s\u2019in T\u00fcrkiye\u2019nin notunu art\u0131r\u0131p \u2018yat\u0131r\u0131m yap\u0131labilir\u2019 dedi\u011fi 2013\u2019te 12.3 milyar dolar olan do\u011frudan yat\u0131r\u0131m 2014\u2019te 12.5 milyar dolar ile yerinde sayd\u0131. 2015\u2019te ise 2 ekstra olay rakam\u0131 biraz \u015fi\u015firerek 16.9 milyar dolara \u00e7\u0131kard\u0131. Garanti Bankas\u0131\u2019n\u0131n y\u00fczde 9 hissesinin \u0130spanyol ortak BBVA\u2019ya sat\u0131lmas\u0131 ile gelen 2.2 milyar dolar ve Goldman Sachs\u2019\u0131n Petkim\u2019in y\u00fczde 13\u2019\u00fcn\u00fc almas\u0131 ile gelen 1.3 milyar dolar\u0131 \u00e7\u0131kar\u0131rsak geriye pek de art\u0131\u015f kalm\u0131yor. \u00d6nemli bir durum da 2015\u2019te geldi\u011fi g\u00f6r\u00fclen 16.9 milyar\u0131n 4.1 milyar\u0131n\u0131n gayrimenkul yat\u0131r\u0131m\u0131ndan olu\u015fmas\u0131. Gayrimenkul ise a\u011f\u0131rl\u0131kl\u0131 olarak K\u00f6rfez \u00fclkeleri taraf\u0131ndan yap\u0131ld\u0131\u011f\u0131 i\u00e7in Moody\u2019s de\u011ferlendirmesinin hi\u00e7bir \u00f6nemi yok.<\/p>\n DEVLET TAHV\u0130L\u0130 VE H\u0130SSE YATIRIMLARI DA GER\u0130LED\u0130<\/strong><\/p>\n B\u0131rak\u0131n do\u011frudan yat\u0131r\u0131mlar\u0131 tahvil ve bonoya yap\u0131lan s\u0131cak para yat\u0131r\u0131mlar\u0131 bile 2013\u2019ten sonra azald\u0131. 2013\u2019te 21.4 milyar dolar olan portf\u00f6y yat\u0131r\u0131mlar\u0131 2014\u2019te 20.8 milyar dolara indi. 2015\u2019te ise 9.3 milyar dolarl\u0131k \u00e7\u0131k\u0131\u015f ger\u00e7ekle\u015fti. 1994\u2019te notumuz k\u0131r\u0131ld\u0131\u011f\u0131nda da 1.1 milyar dolardan 703 milyon dolara inmi\u015fti.<\/p>\n","protected":false},"excerpt":{"rendered":" Bloomberght – Moody\u2019s\u2019in not indirdi\u011fi 1994\u2019ten sonra do\u011frudan yat\u0131r\u0131mlar azalmad\u0131. Not art\u0131rd\u0131\u011f\u0131 2013\u2019ten sonra da do\u011frudan yat\u0131r\u0131m 2015\u2019te iki ekstra geli\u015fme d\u0131\u015f\u0131nda d\u00fc\u015ft\u00fc. Son 3 y\u0131lda s\u0131cak para bile artmak bir yana azald\u0131<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"views":1163,"_links":{"self":[{"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/posts\/1432"}],"collection":[{"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/comments?post=1432"}],"version-history":[{"count":1,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/posts\/1432\/revisions"}],"predecessor-version":[{"id":1433,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/posts\/1432\/revisions\/1433"}],"wp:attachment":[{"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/media?parent=1432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/categories?post=1432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/tags?post=1432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}