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
What happened today in Hungary – 26 July, 2024
Drama: number of births in a 20-year low in Hungary
Yay or nay? – 6 odd Hungarian delicacies that make our skin crawl
Budapest tourism “exploded” this past weekend
Container transport in Budapest may stop: How will this affect Hungarian economy?
Minister: Hungary will protect its territory by every means possible