Moody’s leaves Hungary rating unchanged
Photo by Gil C / Shutterstock.com
Ratings agency Moody’s has decided to leave Hungary’s sovereign rating unchanged at Baa3, with a stable outlook, with no further reviews scheduled for this year, news site vg.hu reported Friday.
Photo by Shutterstock.com
Moody’s held its previous review of Hungary in May, with no rating upgrade then either.
The last time the agency decided to update Hungary’s rating was in November 2016, when it was changed from Ba1 to Baa3, lifting Hungary above the investment grade threshold.
At the beginning of the year, both S&P and Fitch decided to upgrade Hungary to BBB with a stable outlook.
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.