All of the three major global rating agencies now maintain a stable outlook on Hungary’s sovereign ratings, with Moody’s Investors Service having upgraded its outlook on Hungary to stable from negative two weeks ago, bringing it in line with the other two.
Standard & Poor’s rates the Hungarian sovereign’s long term debt at “BB”, two notches short of investment grade and one notch below Hungary’s “BB+” and “Ba1” ratings maintained by Fitch and Moody’s, respectively. As standard procedure, Fitch is expected to announce the outcome of its review on Hungary late next Friday, after European and US markets had closed for the week.
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