Hungary scheduled for rating review at Moody’s on Friday
Budapest (MTI) – Moody’s Investors Service will assess Hungary’s credit rating in a scheduled review on July 8.
The first of three reviews scheduled for this year for Hungary at Moody’s came on March 4. Then the agency left its “Ba1” rating, one notch below investment grade, unchanged. The next rating after Friday’s will be scheduled for November 4.
Fitch ratings and Standard & Poor’s have two rating reviews each scheduled for Hungary this year.
On May 20 Fitch raised Hungary’s sovereign rating to “BBB-” from “BB+”, moving it back to investment grade. The outlook for the rating is “stable”. It is expected that Standard and Poor’s will leave Hungary’s rating at “BB+”, just under investment grade, with a “stable” outlook this year.
Moody’s changed the outlook on Hungary’s banking system to positive from stable last week.
London-based analysts said earlier that Moody’s is likely to return Hungary into investment category this year, but there is no consensus on whether this would be done already next week or only in November.
Source: mtva.hu
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