Hungary was already investment grade throughout Socialist governments, says MSZP

Budapest, May 22 (MTI) – Throughout the terms when the Socialists were in government, Hungary’s credit rating was investment grade, the opposition Socialists said on Saturday in response to a recent upgrade by ratings agency Fitch.

Fitch announced late on Friday that it had raised Hungary’s sovereign rating to “BBB-” from “BB+”, moving it back to investment grade, in a scheduled review.

The Socialists said in a statement that Hungary had been put in junk category as a result of the unpredictable economic policies of Prime Minister Viktor Orbán and central bank governor György Matolcsy. Hungary has paid a “huge” price, as demonstrated by the more than four million people living under subsistence level, the statement added.

“We will say it in a way that even Viktor Orbán can understand: why should we be happy about Hungary reaching the third division league after six years, when it already played in the premier league in 2010 in an economic sense”, the Socialists said

Source: http://mtva.hu/hu/hungary-matters