S+P to review Hungary’s credit rating on Friday

Standard and Poor’s Global Ratings is scheduled to review Hungary’s sovereign credit rating on Friday. This will be the second and last scheduled sovereign credit rating review of Hungary by S+P this year.

Standard and Poor’s affirmed Hungary’s ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings and ‘positive’ outlook on February 16.

Fitch Ratings affirmed Hungary’s sovereign rating at ‘BBB-‘, just over the investment grade threshold with a positive outlook in March this year. Moody’s Investors Service did not update Hungary’s Baa3 rating with a stable outlook in its June review or at any of its three scheduled reviews last year.

Fitch is set to review Hungary’s rating next on August 31 and Moody’s on November 23.

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

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As we wrote a year ago, Standard and Poor’s was scheduled to review Hungary’s sovereign credit rating on August 25, 2017. This was the second and last scheduled sovereign credit rating review of Hungary by S&P in 2017, read more HERE.

Photo: Daily News Hungary

Source: MTI