Scope Affirms Hungary BBB Ratings With Stable Outlook

Ratings

Scope Ratings affirmed Hungary's BBB credit ratings with a stable outlook on Friday, according to a report by state news wire MTI.

"The ratings are supported by a robust track record of economic growth driven by substantial investments. Weak governance metrics and high public debt are credit constraints," Scope said.

Scope put Hungary's long-term GDP growth rate around 3.5%, sustained by "significant foreign investment in the automotive sector, fostering the emerging electric vehicle industry and supporting broader environmental goals".

"Substantial foreign investments in battery production are expected to attract more investment, enhance job creation, technological advancement, and bolster exports," the rating agency added.

ADVERTISEMENT

MBH Bank Introduces MREL-eligible Bonds on BSE Banking

MBH Bank Introduces MREL-eligible Bonds on BSE

Lawmakers to Vote Monday on New President Parliament

Lawmakers to Vote Monday on New President

Wider Margins Lift Magyar Telekom Earnings Telco

Wider Margins Lift Magyar Telekom Earnings

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

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.