Fitch revised the outlooks on Magyar Eximbank, the Hungarian Development Bank (MFB), Erste Bank Hungary, and K&H Bank to negative.

The agency affirmed the BBB long-term issuer default ratings of state-owned Magyar Eximbank and MFB and the BBB+ ratings of Austrian-owned Erste and KBC unit K&H.

Fitch revised the outlook on Hungary's BBB rating to negative on Friday.