Budapest, May 23 (MTI) – Fitch Ratings affirmed Hungary’s “BB plus” sovereign credit rating, one notch under investment grade, in a scheduled review Friday evening.
At the same time Fitch raised Hungary’s outlook to “positive” from “stable”
While Hungarian authorities are eager to see the country upgraded, the move will not surprise the local market when it reopens next Tuesday after the Pentecost holiday, because analysts at Fitch have said an improvement was unlikely in an interview with Reuters late April.
After the publication of Fitch Rating’s review, the Hungarian forint strengthened to 306.87 to the euro from 307.68 previously on the interbank forex market.
Source: http://mtva.hu/hu/hungary-matters
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