Varga welcomes Fitch affirmation of investment grade rating
Mihály Varga
Image by Alexandros Michailidis / Shutterstock.com
Finance Minister Mihály Varga welcomed Fitch Ratings' affirmation of Hungary's investment grade 'BBB' rating at a scheduled review on Friday, according to a report by state news wire MTI.
Fitch affirmed Hungary's sovereign rating, with a stable outlook, "in spite of the wartime crisis and fears of a European recession", Varga said, noting decisions by credit agencies in recent months to revise the outlooks for Czechia's and Slovakia's ratings to negative.
He pointed to Fitch's forecast for GDP growth of over 5% in Hungary this year, better than the growth seen for its 'BBB'-rated peers.
"Our goal is to preserve Hungary's economic growth in the wartime crisis, too," he added.
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.
