Moody’s to review Hungary credit rating on November 6

Budapest, October 30 (MTI) – Moody’s Investors Service will review Hungary’s sovereign credit rating next Friday with a possibility of upgrading the outlook to “positive” from “stable”, according to Morgan Stanley’s analysts.

The analysts said the forint conversion of forex loans has reduced the Hungarian economy’s external vulnerability and removed this “structural anomaly”, which could result in a credit outlook upgrade.

Hungary’s sovereign credit rating with Moody’s is currently “Ba1”, one level below investment grade.

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