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S&P revises outlook on Eximbank credit rating to ʼpositiveʼ

Ratings

Credit rating agency Standard & Poorʼs revised its credit rating outlook for Magyar Export-Import Bank (Eximbank) from "stable" to "positive" on August 30, the bank said in a statement on the Budapest Stock Exchange Thursday, state news wire MTI reported.

S&P reaffirmed Eximbankʼs short-term FX debt "A-3" rating, as well as its long-term FX debt "BBB-" rating.

Standard & Poorʼs Global Ratings last Friday revised the outlook on Hungaryʼs "BBB-/A-3" long and short-term foreign and local currency sovereign credit ratings from "stable" to "positive."

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