S+P Affirms Hungary ‘BBB-/A-3’ Ratings; Outlook Stable
- 27 Feb 2017 6:01 AM
Standard and Poor’s Global Ratings on Friday said it affirmed Hungary’s long- and short-term foreign and local currency sovereign credit ratings at ‘BBB-/A-3’.
The outlook is stable. S+P upgraded Hungar y last September, putting the country back in investment grade on stronger economic per formance, fiscal improvements, declining external financing and leverage needs and “a gradual moderation of activist monetary policies”.
Republished with permission of Hungary Matters, MTI’s daily newsletter.
LATEST NEWS IN business