Ratings

Ratings

Moodyʼs upgrades OTP Bank after Tier 2 issue

Moodyʼs Investors Service said Wednesday it has upgraded the long-term local currency deposit ratings of OTP Bank, Hungaryʼs biggest commercial...

Ratings

Moodyʼs assigns first-time ratings to Raiffeisen Hungary

Moodyʼs Investors Service has today assigned first-time long-term Baa2 and short-term Prime-2 local currency, and long-term Baa3 and short-term Prime-3...

Ratings

Moodyʼs changes outlook on Hungarian banking sector

Moodyʼs Investors Service changed the outlook on Hungaryʼs banking sector from positive to stable in a report published on Tuesday....

Ratings

Moody’s upgrades K&H, Erste Bank

Ratings agency Moody’s Investors Service on Tuesday upgraded the long-term local currency deposit ratings of two Hungarian banks, according to...

Ratings

Flash estimate: GDP up 5.3% in Q1 2019

The gross domestic product of Hungary rose by 5.3% according to raw data, and by 5.2% according to seasonally and...

Ratings

Skyrocketing Industrial Output Promises Higher Annual Growth

Although credit rating agency Moody’s chose not to update Hungary’s sovereign rating at its scheduled review at the beginning of...

Ratings

Moody’s notes Budapest’s ’sound operating performance’

Moodyʼs Investors Service has completed a periodic review of its rating of the city of Budapest, lauding the Hungarian capitalʼs...

Ratings

S&P assigns ’BBB’ rating to Takarék Mortgage Bank bonds

S&P Global Ratings said last Thursday it has assigned "BBB" foreign and local currency credit ratings to Takarék Mortgage Bankʼs...

Ratings

S&P upgrades Eximbank; Fitch upgrades four banks

S&P Global Ratings said Friday it has raised its foreign and local currency issuer credit ratings on Magyar Eximbank from...

Ratings

Rating Season Kicks off Strongly for Hungary

The beginning of the review season has brought not one but two upgrades for Hungary. First, S&P lifted its rating,...

Ratings

Fitch upgrades Hungary to ’BBB’; outlook ’stable’

Fitch Ratings raised Hungaryʼs long-term foreign and local currency Issuer Default Ratings (IDRs) from "BBB-" to "BBB" at a scheduled...

Ratings

S&P raises ratings of OTP, OTP Mortgage Bank

S&P Global Ratings on Tuesday said it raised its long and short-term resolution counterparty ratings (RCRs) on Hungaryʼs OTP Bank...

Ratings

S&P upgrades Hungary to ’BBB’; outlook ’stable’

Standard & Poor’s Global Ratings, one of the three big ratings agencies, has upgraded Hungary’s sovereign rating to "BBB," two...

Ratings

IIB board decides to relocate headquarters to Budapest

The board of governors of the currently Moscow-based International Investment Bank (IIB) took a unanimous decision at a meeting on...

Ratings

Moodyʼs removes affirmation from some M6 Duna notes

Moodyʼs Investors Service has removed the affirmation from the EUR 212 million Floating Rate Secured Notes due 2025 (ISIN XS0245906150)...

Ratings

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

Ratings

S&P Flags Rising Budget Risks for Hungary

Ratings agency S&P Global Inc. has warned that Central and Eastern Europe's small, open economies face growing stagflation risks as...

Ratings

Moody’s Revises Outlook on OTP Bank Deposit Ratings to Positive

Moody's Ratings revised the outlook on OTP Bank's long-term deposit ratings to positive from stable, the international credit ratings agency...

Fitch Sees Hungary’s Deficit Narrowing but Debt Burden Rising

Hungary’s budget deficit is expected to narrow and growth to accelerate in 2027, but rising debt and fiscal vulnerabilities continue...

Bayer Construct Gets Default Ratings After Bankruptcy Protection Filing

Scope Ratings has assigned default ratings to Bayer Construct following its bankruptcy protection filing, citing financial pressure linked partly to...

Scope: Government Measures Raise Risks for Hungarian Construction, Real Estate Firms

Hungarian construction and real estate companies face increased regulatory, execution and liquidity risks from recent government measures, although the eventual...

S&P Flags Rising Budget Risks for Hungary

Ratings agency S&P Global Inc. has warned that Central and Eastern Europe's small, open economies face growing stagflation risks as...

Moody’s Revises Outlook on OTP Bank Deposit Ratings to Positive

Moody's Ratings revised the outlook on OTP Bank's long-term deposit ratings to positive from stable, the international credit ratings agency...

Fitch Affirms Hungary ‘BBB’ Rating With Negative Outlook

Fitch Ratings affirmed Hungary's 'BBB' long-term issuer default ratings with a negative outlook at a scheduled review on Friday....

S&P Maintains Hungary’s ‘BBB‑’ Rating, Warns of High Fiscal Risks

S&P Global Ratings affirmed Hungary's "BBB‑" sovereign credit rating and kept the outlook "negative," citing both the new government's reform...

Scope: Hungary Corporates Face Near-Term Disruption, Medium-Term Upside After Election

Hungary’s corporate sector could face a period of short-term disruption followed by medium-term gains after the recent election, according to...

Fitch Warns Tisza Gov’t Must Deliver Credible Fiscal Strategy

Fitch Ratings says Hungary's new government will face serious challenges, including weak growth, and rising public debt, even as the...

Moody’s Affirms MBH Bank Ratings, Maintains Stable Outlook

Moody's has affirmed the long-term deposit ratings of MBH Bank Nyrt. at Baa3, maintaining a stable outlook, citing the lender’s...

Fitch Ratings Warns of Tough Post‑Election Choices

Fitch Ratings has cautioned that whoever wins Hungary's April parliamentary election will face serious macroeconomic and fiscal challenges, including weak...

S&P Warns Hungary Could Face Downgrade

S&P Global Ratings currently rates Hungary at "BBB‑" with a "negative" outlook and warns that a repeat of the 2022...

Moody’s Downgrades Budapest Again

Int'l ratings agency Moody's has downgraded Budapest's long‑term domestic and foreign debt rating from "Ba1" to "Ba2," citing worsening relations...

Mayor Blames ‘Usurious’ Gov’t for Moody’s Downgrade of Budapest

Moody's recent downgrading Budapest has been "a consequence of the govt's senseless and petty policy of extortion", Mayor Gergely Karácsony...

Moody’s Downgrades Budapest Credit Ratings With Negative Outlook

Moody's on Monday said it downgraded Budapest's baseline credit assessment (BCA) to ba1 from baa3 and long-term foreign and domestic...