In the analysis, Moody's favorably assesses the growth outlook for the Hungarian economy, noting the country's strong manufacturing industry and export performance, the ministry said.
Moody's puts Hungary's GDP growth at 0.8% in 2023.
Moody's puts the debate over Hungary's European Union funding among challenges the country faces, but the rating agency's analysts expect transfers from Brussels to arrive, the ministry said. Moody's also says the prolonged war in Ukraine presents significant risks for Hungary, it added.
Moody's did not update Hungary's sovereign rating at a scheduled review on March 3. Moody's rates Hungary Baa2, two notches over the investment grade threshold, with a stable outlook.
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