Moodyʼs to review Hungary credit rating on Friday
Moodyʼs Investors Service will review Hungaryʼs sovereign credit rating on Friday with a possibility of upgrading the outlook to “positive” from “stable”, according to a report from Morgan Stanleyʼs analysts published Friday of last week.
The analysts said the forint conversion of FX mortgage loans has reduced the economyʼs external vulnerability and removed a “structural anomaly”, which could result in a credit outlook upgrade.
Hungaryʼs sovereign credit rating with Moodyʼs is currently “Ba1”, one level below investment grade.
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.