Standard and Poor’s to review Hungary credit rating on Aug 25

International credit ratings agency Standard and Poor’s is scheduled to review Hungary’s sovereign credit rating on August 25. This will be the second and last scheduled sovereign credit rating review of Hungary by S&P in 2017.

Standard and Poor’s affirmed Hungary’s BBB-/A-3 long term credit rating and stable outlook on February 24.

Fitch Ratings affirmed Hungary’s sovereign rating at ‘BBB-‘, just over the investment grade threshold, with stable outlook in a scheduled review in May this year. Moody’s Investors Service did not update Hungary’s Baa3 rating with stable outlook in reviews scheduled for March and July.

Fitch is set to review Hungary’ rating next on November 10 and Moody’s on October 20.

The three rating agencies put Hungary’s sovereign rating back to investment grade in 2016.

Source: MTI