Moodyʼs to review Hungary credit rating on Friday

Ratings

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.

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