The ratings agency also revised Erste Bank Hungary’s and Kereskedelmi es Hitelbank’s (K&H Bank) outlook to stable from negative.
It also affirmed their long-term-issuer default rating at BBB+ and shareholder support rating (SSR) at BBB+.
In addition Fitch revised the outlook on MVM’s long-term issuer default ratings (IDR) to stable from negative and affirmed the IDR at BBB.
The rating actions followed the revision of the outlook on Hungary’s BBB sovereign rating to stable from negative on December 6.
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