{"id":13604,"date":"2012-03-31T22:50:52","date_gmt":"2012-03-31T20:50:52","guid":{"rendered":"http:\/\/www.bilgeyatirimci.com\/?p=13604"},"modified":"2012-03-31T22:51:04","modified_gmt":"2012-03-31T20:51:04","slug":"reyting-nedir-ne-ise-yarar","status":"publish","type":"post","link":"https:\/\/www.bilgeyatirimci.com\/i\/reyting-nedir-ne-ise-yarar\/","title":{"rendered":"Reyting Nedir, Ne \u0130\u015fe Yarar?"},"content":{"rendered":"<div>Her \u00fclkenin, her \u015firketin, hatta bor\u00e7lanmak isteyen her ki\u015finin bir kredi de\u011ferlili\u011fi vard\u0131r. Kredi de\u011ferlili\u011fi genel olarak kredi a\u00e7\u0131lacak devlet, \u015firket veya ki\u015finin, alaca\u011f\u0131 bu borcu zaman\u0131nda ve tam olarak geri \u00f6deyip \u00f6deyemeyece\u011finin belirlenmesi amac\u0131yla \u00f6l\u00e7\u00fcl\u00fcr. Bu \u00f6l\u00e7\u00fcmde verilen nota kredi notu veya daha yayg\u0131n olarak yerle\u015fmi\u015f haliyle \u0130ngilizcedeki \u00a0rating s\u00f6zc\u00fc\u011f\u00fcn\u00fcn T\u00fcrk\u00e7e okunu\u015fuyla reyting deniyor. \u00d6l\u00e7\u00fcm, \u00fclkenin hem kendi paras\u0131 cinsinden hem de yabanc\u0131 para cinsinden y\u00fck\u00fcml\u00fcl\u00fckleri i\u00e7in ayr\u0131 ayr\u0131 yap\u0131l\u0131yor.<\/div>\n<div><\/div>\n<div>Uluslar aras\u0131 piyasalarda tahvil ihra\u00e7 etmek isteyen \u00fclke ve kurulu\u015flar\u0131n kredi derecelendirmesi almalar\u0131 ve bu derecelendirmeden ald\u0131klar\u0131 reytinglerle bu ihrac\u0131 yapmalar\u0131 gerekiyor. Al\u0131nabilecek en y\u00fcksek kredi notu AAA (ya da Aaa), en d\u00fc\u015f\u00fck not ise D. Bu notlara, gelece\u011fe ili\u015fkin beklentileri g\u00f6stermek a\u00e7\u0131s\u0131ndan, + ya da \u2013 gibi i\u015faretler ya da dura\u011fan, pozitif, negatif, g\u00f6zlem alt\u0131nda gibi baz\u0131 a\u00e7\u0131klamalar e\u015flik edebiliyor. Uluslar aras\u0131 bor\u00e7lanma piyasalar\u0131na ihra\u00e7 edilen tahvillerin yeterince talep bulabilmesi ve faizinin d\u00fc\u015f\u00fck olabilmesi i\u00e7in al\u0131nan kredi notlar\u0131n\u0131n en az BBB d\u00fczeyinde (veya ayn\u0131 d\u00fczeyi ifade etmek \u00fczere en az Baa3) olmas\u0131 gerekiyor. Bu e\u015fi\u011fe yat\u0131r\u0131m derecesi (investment grade) bunun alt\u0131ndaki derecelere de spek\u00fclatif derece deniliyor. Ba\u015fta ABD\u2019dekiler olmak \u00fczere kurumsal yat\u0131r\u0131mc\u0131lar\u0131n spek\u00fclatif dereceli k\u00e2\u011f\u0131tlar\u0131 sat\u0131n almalar\u0131 g\u00fc\u00e7 oldu\u011fundan, bu piyasaya uygun fiyat ve vadeyle tahvil ihra\u00e7 etmenin yolu yat\u0131r\u0131m derecesi almaktan ge\u00e7iyor. Al\u0131nan kredi de\u011ferlilik notu y\u00fckseldik\u00e7e, ihra\u00e7 edilen tahvilin miktar\u0131 artabiliyor, vadeler uzayabiliyor ve maliyet (faiz, komisyon vb.) d\u00fc\u015febiliyor. Yat\u0131r\u0131m derecesinin alt\u0131nda kredi de\u011ferlili\u011fi ta\u015f\u0131yan \u00fclkelerin, ekonomilerinin genel gidi\u015finin olumlu seyretmesi halinde, bu piyasalara tahvil satabilmeleri m\u00fcmk\u00fcn. Ne var ki maliyetler ona g\u00f6re belirleniyor.<\/div>\n<div><\/div>\n<div>A\u015fa\u011f\u0131daki tabloda en \u00e7ok bilinen \u00fc\u00e7 kredi derecelendirme kurulu\u015funun (Standard and Poor\u2019s, Moody\u2019s ve Fitch) notlar\u0131 ve bu notlar\u0131n anlamlar\u0131 yer al\u0131yor.<\/div>\n<div><\/div>\n<div>Yaz\u0131n\u0131n devam\u0131 i\u00e7in <strong><a href=\"http:\/\/www.mahfiegilmez.com\/2012\/03\/reyting-nedir-ne-ise-yarar.html\" target=\"_blank\" data-wpel-link=\"external\" rel=\"nofollow external noopener\">TIKLAYINIZ.<\/a><\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Her \u00fclkenin, her \u015firketin, hatta bor\u00e7lanmak isteyen her ki\u015finin bir kredi de\u011ferlili\u011fi vard\u0131r. Kredi de\u011ferlili\u011fi genel olarak kredi a\u00e7\u0131lacak devlet, \u015firket veya ki\u015finin, alaca\u011f\u0131 bu&hellip;<\/p>\n","protected":false},"author":12,"featured_media":13098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tumyazilar"],"_links":{"self":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/13604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/comments?post=13604"}],"version-history":[{"count":0,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/posts\/13604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media\/13098"}],"wp:attachment":[{"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/media?parent=13604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/categories?post=13604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bilgeyatirimci.com\/wp-json\/wp\/v2\/tags?post=13604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}