Analysts: Hungary’s Upgrade Confirms Efforts Of 4-5 Years
- 23 May 2016 9:00 AM
Raiffeisen bank chief analyst Zoltán Török said the upgrade confirms efforts to stabilise the economy over the past 4-5 years. He said a fiscal loosening this year and next was “not to serious” and that the effect would be countered, in part, by policy measures boosting demand and contributing to economic growth.
Erste analyst Vivien Barczel said Moody’s could upgrade Hungary in a review scheduled for July 8. However, an upgrade from Standard and Poor’s is not expected this year, she added.
Hungary is rated “Ba1” by Moody’s and “BB+” by Standard and Poor’s, both one notch under investment grade. While both agencies’ outlooks for the ratings are “stable”, Fitch’s outlook before the upgrade on Friday was “positive”.
Source: www.hungarymatters.hu
Republished with permission of Hungary Matters, MTI’s daily newsletter.
LATEST NEWS IN business