Daily News Hungary economy

Budapest, November 6 (MTI) – Rating agency Moody’s Investors Service raised the outlook on Hungary’s “Ba1” sovereign long term issuer rating, one notch under investment grade, to “positive” from “stable” in a scheduled review on Friday evening.

Previously, analysts’ views were split about equally between no change and an outlook upgrade to “positive”, while Moody’s listed Hungary as “not on watch”.

After the publication of Moody’s review, the Hungarian forint firmed to 313.36 to the euro from 314.93 previously on the interbank forex market.
MAV chief Ilona David told public news television M1 that the amount was made up of overtime pay for railway employees, the cost of unscheduled trains as well as cleaning and disinfecting railway carriages.

David also said that similarly to soldiers, railway employees working with migrants would each receive a one-off bonus of 20,000 forints (EUR 64).

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

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