{"id":86712,"date":"2026-07-15T20:30:00","date_gmt":"2026-07-15T17:30:00","guid":{"rendered":"https:\/\/www.indir.com\/haber\/?p=86712"},"modified":"2026-07-14T17:29:21","modified_gmt":"2026-07-14T14:29:21","slug":"vestelin-kredi-notunda-yeni-dusus","status":"publish","type":"post","link":"https:\/\/www.indir.com\/haber\/vestelin-kredi-notunda-yeni-dusus\/","title":{"rendered":"Vestel&#8217;in Kredi Notunda Yeni D\u00fc\u015f\u00fc\u015f"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Vestel Elektronik&#8217;in finansal g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin de\u011ferlendirmelerde dikkat \u00e7eken bir geli\u015fme ya\u015fand\u0131. Uluslararas\u0131 kredi derecelendirme kurulu\u015fu Moody&#8217;s, \u015firketin uzun vadeli kredi notunu bir kademe daha a\u015fa\u011f\u0131 \u00e7ekti. Kurulu\u015f, not g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc ise &#8220;negatif&#8221; olarak korudu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Son not indirimi, Vestel&#8217;in finansal yap\u0131s\u0131na ili\u015fkin endi\u015felerin s\u00fcrd\u00fc\u011f\u00fcne i\u015faret ederken, daha \u00f6nce Fitch Ratings&#8217;in de benzer y\u00f6nde bir karar almas\u0131 dikkat \u00e7ekmi\u015fti. \u00d6te yandan \u015firketin vadesi yakla\u015fan 500 milyon dolarl\u0131k Eurobond borcu i\u00e7in finansal dan\u0131\u015fmanl\u0131k deste\u011fi almas\u0131 da piyasalarda yak\u0131ndan takip edilen geli\u015fmeler aras\u0131nda yer al\u0131yor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kredi derecelendirme kurulu\u015flar\u0131ndan pe\u015f pe\u015fe gelen kararlar, \u015firketin bor\u00e7 y\u00f6netimi ve finansman s\u00fcrecine ili\u015fkin soru i\u015faretlerini art\u0131r\u0131rken, yat\u0131r\u0131mc\u0131lar \u00f6n\u00fcm\u00fczdeki d\u00f6nemde at\u0131lacak ad\u0131mlara odaklanm\u0131\u015f durumda.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Moody&#8217;s, Vestel&#8217;in Kredi Notunu Bir Kademe Daha D\u00fc\u015f\u00fcrd\u00fc<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Vestel Elektronik, Kamuyu Ayd\u0131nlatma Platformu&#8217;na (KAP) yapt\u0131\u011f\u0131 a\u00e7\u0131klamada, uluslararas\u0131 kredi derecelendirme kurulu\u015fu Moody&#8217;s&#8217;in \u015firketin kredi notunda de\u011fi\u015fikli\u011fe gitti\u011fini duyurdu. Yap\u0131lan de\u011ferlendirme sonucunda \u015firketin Uzun Vadeli Kurumsal Aile Notu (Corporate Family Rating &#8211; CFR) Caa2&#8217;den Caa3&#8217;e indirildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moody&#8217;s ayr\u0131ca Temerr\u00fct Olas\u0131l\u0131\u011f\u0131 Derecelendirmesi (Probability of Default Rating &#8211; PDR) notunu da Caa2-PD seviyesinden Caa3-PD&#8217;ye d\u00fc\u015f\u00fcrd\u00fc. Bunun yan\u0131nda Vestel&#8217;in 2029 vadeli, 500 milyon dolar tutar\u0131ndaki garantili k\u0131demli teminats\u0131z tahvilinin kredi notu da Caa2&#8217;den Caa3&#8217;e \u00e7ekildi. Kurulu\u015f, t\u00fcm notlar\u0131n g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc ise &#8220;negatif&#8221; olarak korudu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moody&#8217;s \u00f6l\u00e7e\u011finde Caa3-PD seviyesi, \u015firketin finansal y\u00fck\u00fcml\u00fcl\u00fcklerini yerine getirme konusunda risklerin \u00f6nemli \u00f6l\u00e7\u00fcde artt\u0131\u011f\u0131na i\u015faret ediyor. Bu de\u011ferlendirme, temerr\u00fct olas\u0131l\u0131\u011f\u0131n\u0131n y\u00fcksek g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc ifade eden kredi notlar\u0131 aras\u0131nda yer al\u0131yor.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"359\" src=\"http:\/\/www.indir.com\/haber\/wp-content\/uploads\/2026\/07\/vestel-city-industrial-manufacturing-complex.webp\" alt=\"Moody&amp;apos;s de Vestel&amp;apos;in Kredi Notunu D\u00fc\u015f\u00fcrd\u00fc\" class=\"wp-image-86719\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Moody&#8217;s de Vestel&#8217;in Kredi Notunu D\u00fc\u015f\u00fcrd\u00fc<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Vestel Elektronik&#8217;in finansal g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin olumsuz geli\u015fmeler s\u00fcr\u00fcyor. Moody&#8217;s, \u015firketin Uzun Vadeli Kurumsal Aile Notu&#8217;nu (CFR) Caa2&#8217;den Caa3&#8217;e, Temerr\u00fct Olas\u0131l\u0131\u011f\u0131 Derecelendirmesi&#8217;ni (PDR) ise Caa2-PD&#8217;den Caa3-PD&#8217;ye indirdi. \u015eirketin 2029 vadeli 500 milyon dolarl\u0131k tahvilinin kredi notu da Caa3&#8217;e \u00e7ekilirken, not g\u00f6r\u00fcn\u00fcm\u00fc &#8220;negatif&#8221; olarak korundu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Daha \u00f6nce Fitch Ratings de Vestel&#8217;in kredi notunu d\u00fc\u015f\u00fcrm\u00fc\u015ft\u00fc. \u00d6te yandan \u015firket, 500 milyon dolarl\u0131k Eurobond borcuna ili\u015fkin se\u00e7enekleri de\u011ferlendirmek amac\u0131yla uluslararas\u0131 yat\u0131r\u0131m bankas\u0131 Houlihan Lokey ile finansal dan\u0131\u015fmanl\u0131k anla\u015fmas\u0131 yapt\u0131\u011f\u0131n\u0131 a\u00e7\u0131klam\u0131\u015ft\u0131. Bu geli\u015fme, piyasalarda olas\u0131 bor\u00e7 yeniden yap\u0131land\u0131rmas\u0131 ihtimalini g\u00fcndeme getirdi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u0130lk \u00c7eyrek Sonu\u00e7lar\u0131 Zay\u0131f Performansa \u0130\u015faret Etti<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Vestel Elektronik&#8217;in 2026 y\u0131l\u0131 ilk \u00e7eyrek finansal sonu\u00e7lar\u0131, \u015firketin zorlu bir d\u00f6nemden ge\u00e7ti\u011fini ortaya koydu. \u015eirketin has\u0131lat\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 41,1 milyar TL&#8217;den 21 milyar TL&#8217;ye gerilerken, ilk \u00e7eyrekte 2,8 milyar TL net zarar a\u00e7\u0131kland\u0131. Vestel&#8217;in 2025 y\u0131l\u0131ndaki toplam net zarar\u0131 ise 31,1 milyar TL olarak kaydedildi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mart 2026 itibar\u0131yla \u015firketin toplam varl\u0131klar\u0131 199,4 milyar TL, \u00f6zkaynaklar\u0131 ise 35,2 milyar TL seviyesinde ger\u00e7ekle\u015fti. Ayn\u0131 d\u00f6nemde k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fckler 107,3 milyar TL, uzun vadeli y\u00fck\u00fcml\u00fcl\u00fckler ise 56,8 milyar TL olarak a\u00e7\u0131kland\u0131. Bu finansal tablo, kredi derecelendirme kurulu\u015flar\u0131n\u0131n son d\u00f6nemde yapt\u0131\u011f\u0131 not indirimlerini destekleyen g\u00f6stergeler aras\u0131nda de\u011ferlendiriliyor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vestel Elektronik&#8217;in finansal g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin de\u011ferlendirmelerde dikkat \u00e7eken bir geli\u015fme ya\u015fand\u0131. Uluslararas\u0131 kredi derecelendirme kurulu\u015fu Moody&#8217;s, \u015firketin uzun vadeli kredi notunu bir kademe daha a\u015fa\u011f\u0131 \u00e7ekti. Kurulu\u015f, not g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc ise &#8220;negatif&#8221; olarak korudu. Son not indirimi, Vestel&#8217;in finansal yap\u0131s\u0131na ili\u015fkin endi\u015felerin s\u00fcrd\u00fc\u011f\u00fcne i\u015faret ederken, daha \u00f6nce Fitch Ratings&#8217;in de benzer y\u00f6nde bir karar almas\u0131 dikkat [&hellip;]<\/p>\n","protected":false},"author":95,"featured_media":86716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11910],"tags":[833],"class_list":["post-86712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-vestel"],"_links":{"self":[{"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/posts\/86712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/comments?post=86712"}],"version-history":[{"count":1,"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/posts\/86712\/revisions"}],"predecessor-version":[{"id":86724,"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/posts\/86712\/revisions\/86724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/media\/86716"}],"wp:attachment":[{"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/media?parent=86712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/categories?post=86712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indir.com\/haber\/wp-json\/wp\/v2\/tags?post=86712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}