Fitch: Bank levy reduction could influence positive rating

Ratings

The reduction of the levy imposed on banks operating in Hungary along with a more friendly business environment could help boost the credit rating outlook of Hungary, Reuters reported yesterday.

Fitch analyst Arnaud Louis, however, said he remains skeptical and would like to see real action, not just promises, adding that improved predictability of Hungary's regulatory environment would also be seen as positive. Fitch affirmed Hungarian debt’s “junk” rating last November with a stable outlook; it will publish a review of the country’s rating in May.

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