Fitch affirms Hungary ‘BBB-‘ rating; outlook stays at ‘stable’
Budapest, May 12 (MTI) – Ratings agency Fitch affirmed Hungary’s sovereign rating at ‘BBB-‘, just over the investment grade threshold, in a scheduled review on Friday.
The outlook for the rating is ‘stable’.
“Hungary’s ‘BBB-‘ ratings balance its high level of GDP per capita, strong governance indicators and European Union membership against a track record of unorthodox economic policy and high government and external debts,” Fitch said.
However, it acknowledged that “a narrower government deficit and strong current account surpluses in recent years have allowed a decline in government and net external debt”.
Source: MTI
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Top Hungary news: Szoboszlai’s engagement, Schengen Zone, guest workers, Wizz Air’s new flights – 17 October, 2024
France’s Rassemblement National a strong ally of the Orbán cabinet, says minister
Budapest will become the world’s ballet capital in November
4 Hungarian tourism destinations recognised among Europe’s best!
Minister talks about the Hungarian economy’s future: 3-4% GDP growth, SME program, strict rules for Airbnb, rentals
English soccer fans outraged about Hungarian “worst food in football”