Ratings

Ratings

Fitch affirms Hungaryʼs junk rating, raises outlook to positive

Fitch Ratings affirmed Hungaryʼs "BB plus" sovereign credit rating, one notch below investment grade, in a scheduled review Friday evening....

Ratings

S&P: Three Hungarian banksʼ ratings back to positive

Standard & Poorʼs Ratings Services on Monday said it had revised its outlook on Hungary-based OTP Bank, OTP Mortgage Bank,...

Ratings

BUX back on the slope

The Budapest Stock Exchangeʼs main BUX index finished down 0.63% at 22,251.28 Monday, after rising 0.88% Friday. Over last week...

Ratings

Forint gains a little on interbank market

The forint was trading at 303.52 to the euro late Monday on the interbank forex market, slightly up from 303.76...

Ratings

Reuters: Fitch does not expect change to Hungaryʼs rating

International agency Fitch Ratings does not expect a change in Hungaryʼs sovereign rating in the short term, Fitch told international...

Ratings

Hungary’s junk rating may remain unchanged

In its latest sovereign outlook report, Moody’s Investor Services confirmed the Central and Eastern European region’s stable outlook, which would...

Ratings

S&P: Hungary rates just below investment grade

Standard & Poorʼs Ratings Services announced on Friday that it was increasing Hungaryʼs credit rating, from BB to BB+, which...

Ratings

Moodyʼs places OTP ratings under review for upgrade

Moodyʼs Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank...

Ratings

Moody’s: No upgrade on Hungary’s rating

Moody's Investors Service said on Friday it has not upgraded its long-term public debt rating on Hungary, leaving it at...

Ratings

Ministry foresees GDP growth over 2.5% this year

Based on GDP figures published by KSH today, Hungary’s National Economy Ministry foresees that this year’s GDP projection of 2.5%...

Ratings

Forint down from 9-month high vs euro

The forint was trading at 303.01 to the euro late Friday on the interbank forex market, down from 302.79 late...

Ratings

Fitch: Bank levy reduction could influence positive rating

The reduction of the levy imposed on banks operating in Hungary along with a more friendly business environment could help...

Ratings

Moody’s: MFB ratings changed to stable from negative

Moody's Investors Service on Friday affirmed the state-owned Hungarian Development Bank's (MFB) Ba1 foreign-currency senior unsecured debt rating and Ba2/Not-Prime...

Ratings

Fitch predicts stable outlook for CEE banks in 2015

Fitch Ratings on Wednesday said the overall rating outlook for banks in Central and Eastern Europe (CEE) is stable for...

Ratings

Fitch leaves Hungary’s non-investment grade unchanged

Fitch Ratings is the third major rating agency to reaffirm Hungary’s non-investment grade rating, along with Standard & Poor’s and...

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...