“Recently there has been some talk of Hungary going it alone, that would bother us. They do have weaknesses, there is a lot of market volatility and they wouldn’t be well-placed to deal with that,” Rawkins told a conference in London.

Rawkins declined to say whether Fitch would cut Hungary’s ‘BB+’ sovereign rating if it failed to reach a deal with the IMF/EU.

The outlook on the rating is negative.