Moody's Did Not Change Hungary's Debt Rating Even After the Election
6 Articles
6 Articles
According to the credit rating agency, relations with the European Union are expected to improve under the new government.
Moody's left the Hungarian sovereign debt rating unchanged at Baa2 in its latest report published on Friday night. The negative outlook, which is more likely to be downgraded than upgraded, was also not changed. Hungary's debt rating was upgraded from Baa3 to Baa2 in the fall of 2021, with a stable outlook at the time, and this outlook was downgraded to negative in November 2024. The current level of the debt rating is two notches away from the …
Moody's does not expect a military confrontation.
The credit rating agency has downgraded its previous forecast for Hungarian economic growth: they now expect GDP growth of only 1.9 percent this year. According to Moody's, due to the measures of the previous government, public debt will continue to grow in proportion to GDP this year and next year. Based on the assessment, whether Hungary will be downgraded in the fall depends on obtaining EU funds.
Moody’s has not announced any credit rating action regarding Hungary, and in its latest review it continues to maintain the country’s Baa2 investment grade debt rating with a negative outlook. However, it has downgraded its forecast for Hungary’s growth trajectory: they do not expect it to expand by even 2 percent this year. According to the credit rating agency, Hungary’s rating is supported by its diversified economy and the expected improveme…
Moody's left Hungary's debt rating at the previous Baa2 level late Friday evening, with a negative outlook, according to a statement from the credit rating agency.
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