Fitch Expects Hungary’s Growth to Recover Despite Negative Outlook
12 Articles
12 Articles
Fitch Expects Hungary’s Growth to Recover despite Negative Outlook
Fitch Ratings has affirmed Hungary’s long-term sovereign credit rating at BBB, maintaining the country’s investment-grade status while leaving the outlook unchanged at negative. The international credit rating agency announced its decision on Friday night, citing concerns over the deterioration of Hungary’s public finances ahead of the April parliamentary elections, the unpredictability of fiscal policy, and the country’s weak economic growth pe…
Fitch Ratings has confirmed Hungary's long-term sovereign debt rating at the BBB level with an unchanged negative outlook. BBB is not recommended for investment purposes, i.e. it is a band above the junk category. In its justification for the decision, Fitch highlighted that the negative outlook of the rating, which remains in effect, reflects that the state of Hungarian public finances deteriorated more than expected before the April parliament…
The third major credit rating agency, after Moody's and S&P, also made no changes.
Fitch Ratings affirmed the current debt rating, but also maintained the outlook downgraded to negative.
A verdict was passed on Hungary, the Minister of Finance spoke - The credit rating agency has made a decision.
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