54 result(s) for moody rating
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
Moody’s Sees Improved But Still Slow Mid-Term Growth Outlook For Hungary
- 26 Nov 2014 8:00 AM
- business
Hungary’s medium-term economic growth prospects have improved, though they remain low and will continue to lag behind those of regional peers and thus complicate the government’s efforts to reduce its substantial debt burden, Moody’s Investors Service said.
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Fitch Ratings Affirms Hungary At BB+
- 12 Dec 2013 2:00 AM
- business
Fitch Ratings on Wednesday affirmed Hungary’s long-term foreign currency rating at ‘BB+’ with a stable outlook, and its local currency rating at ‘BBB-’. The outlooks on the long-term ratings are stable, the country ceiling has been affirmed at ‘BBB’ and the short-term foreign currency rating at ‘B’, the agency said in a report.
Xpat Opinion: Downgrading By Standard & Poor’s Criticised In Hungary
- 28 Nov 2012 8:00 AM
- current affairs
A pro-government commentator calls the downgrading of Hungary’s sovereign debt by S&P “low grade entertainment”, unsubstantiated by the actual state of Hungarian public finances.
Hungarian Cabinet Promises To Announce Reforms In February
- 15 Dec 2010 12:00 AM
- business
"Hungary's structural reform plans, officially entitled the Hungarian Growth and Stability Programme, will be finalised by late February, government spokeswoman Anna Nagy announced after the cabinet held its weekly meeting.
Hungarian Foreign Minister Martonyi Criticises Moody's Downgrade
- 15 Dec 2010 12:00 AM
- current affairs
"It was a huge mistake for Moody's credit-rating agency to downgrade Hungarian debt, Foreign Minister Janos Martonyi said on the BBC's “Hard Talk” programme in London last week. Calling the downgrade completely unfounded, he asked: “If we can meet the deficit targets for this year, next year and 2012, why should we think that we cannot meet these goals in 2013, 2014 or 2015?” Hungary can safely ...
Hungary Downgraded By Moody’s
- 8 Dec 2010 2:00 AM
- current affairs
Hungary’s sovereign credit rating on Monday was reduced to Baa3 from Baa1 by Moody’s Investors Service, according to Bloomberg. Baa3 is the lowest investment grade, and one step away from speculative, or “junk” category. The Hungarian Forint weakened after the announcement.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
Moody’s Sees Improved But Still Slow Mid-Term Growth Outlook For Hungary
- 26 Nov 2014 8:00 AM
- business
Hungary’s medium-term economic growth prospects have improved, though they remain low and will continue to lag behind those of regional peers and thus complicate the government’s efforts to reduce its substantial debt burden, Moody’s Investors Service said.
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Fitch Ratings Affirms Hungary At BB+
- 12 Dec 2013 2:00 AM
- business
Fitch Ratings on Wednesday affirmed Hungary’s long-term foreign currency rating at ‘BB+’ with a stable outlook, and its local currency rating at ‘BBB-’. The outlooks on the long-term ratings are stable, the country ceiling has been affirmed at ‘BBB’ and the short-term foreign currency rating at ‘B’, the agency said in a report.
Xpat Opinion: Downgrading By Standard & Poor’s Criticised In Hungary
- 28 Nov 2012 8:00 AM
- current affairs
A pro-government commentator calls the downgrading of Hungary’s sovereign debt by S&P “low grade entertainment”, unsubstantiated by the actual state of Hungarian public finances.
Hungarian Cabinet Promises To Announce Reforms In February
- 15 Dec 2010 12:00 AM
- business
"Hungary's structural reform plans, officially entitled the Hungarian Growth and Stability Programme, will be finalised by late February, government spokeswoman Anna Nagy announced after the cabinet held its weekly meeting.
Hungarian Foreign Minister Martonyi Criticises Moody's Downgrade
- 15 Dec 2010 12:00 AM
- current affairs
"It was a huge mistake for Moody's credit-rating agency to downgrade Hungarian debt, Foreign Minister Janos Martonyi said on the BBC's “Hard Talk” programme in London last week. Calling the downgrade completely unfounded, he asked: “If we can meet the deficit targets for this year, next year and 2012, why should we think that we cannot meet these goals in 2013, 2014 or 2015?” Hungary can safely ...
Hungary Downgraded By Moody’s
- 8 Dec 2010 2:00 AM
- current affairs
Hungary’s sovereign credit rating on Monday was reduced to Baa3 from Baa1 by Moody’s Investors Service, according to Bloomberg. Baa3 is the lowest investment grade, and one step away from speculative, or “junk” category. The Hungarian Forint weakened after the announcement.