Fitch Revises Outlooks on 4 Hungarian Banks to Negative
Photo by hikrcn / Shutterstock.com
Fitch Ratings on Thursday said it revised the outlooks of four Hungarian banks to negative from stable, following a revision of the outlook on Hungary's sovereign rating, according to a report by state news wire MTI.
Fitch revised the outlooks on Magyar Eximbank, the Hungarian Development Bank (MFB), Erste Bank Hungary, and K&H Bank to negative.
The agency affirmed the BBB long-term issuer default ratings of state-owned Magyar Eximbank and MFB and the BBB+ ratings of Austrian-owned Erste and KBC unit K&H.
Fitch revised the outlook on Hungary's BBB rating to negative on Friday.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
