They should have increased the rating for this country already.” According to Cséfalvay, a former state secretary for economic strategy, the agencies are probably waiting to see what happens with FX loan holders before they make a move.

At the same time, let’s not forget that the reputation of credit rating agencies has deteriorated significantly in recent years.

Still, as long as the market follows their advice, we must take their signals seriously,” he said, adding that what really demonstrates Hungary’s achievements is its success in international bond markets and in attracting foreign investors.

Source www.hungarymatters.hu

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