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 suggest that Hungaryʼs rating may not improve beyond "junk" status.
The rating agency is expecting slowing GDP growth, a decrease in the budget deficit (2.5%) and debt burden by the end of 2016 in Hungary.
Earlier this year, Moody’s reported that Hungary’s vulnerability decreased, but structural problems such as rigidities in the labor market, weaknesses in the business environment and a weak banking system limit Hungary’s growth potential.
ADVERTISEMENT
MNB Int'l Reserves Rise EUR 579 mln in November
Gov't to Launch HUF 20 bln Workers Hostel Program
Retail Sales Fall 6.5% y.o.y. in October
Heineken Balaton Sound Announces 1st Phase Lineup
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
