Standard & Poorʼs to review Hungary credit rating on Aug. 25
International credit ratings agency Standard & Poorʼs is scheduled to review Hungaryʼs sovereign credit rating on August 25. This will be the second and last scheduled sovereign credit rating review of Hungary by S&P in 2017, state news wire MTI reported today.
Standard & Poorʼs affirmed Hungaryʼs BBB-/A-3 long-term credit rating and stable outlook on February 24.
Fitch Ratings affirmed Hungaryʼs sovereign rating at ʼBBB-ʼ, just over the investment grade threshold, with stable outlook in a scheduled review in May this year, while Moodyʼs Investors Service declined to update Hungaryʼs Baa3 rating with stable outlook either in March or July.
Fitch has scheduled its next review of Hungaryʼs rating for November 10, and Moodyʼs for October 20.
The three rating agencies raised Hungaryʼs sovereign rating back to investment grade in 2016.
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Varga Meets With Chinese Business Leaders
AutoWallis May Increase Planned Sales Due to Strong Performa...
International Writers Amongst Visitors at PesText Festival
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.
