Hungary is not included in the group of countries most endangered by the global liquidity crisis, the analysis published by the world’s largest credit rating organization Standard & Poor (S&P) says, which rated for instance Latvia, Iceland and Romania among the most vulnerable states.
Standard & Poor, which designed the liquidation vulnerability index for the debtors on its developing market rating list including 15 countries, attributed Hungary rate of 0.0, i.e. a medium vulnerability rate. As a result, the Hungarian economy has gained a rating on the lower third of the vulnerability list, as 10th in the ranks after Slovakia and Poland. In another analysis, Merrill Lynch provided a greatly different perspective, categorizing Hungary as the most vulnerable economy to the ongoing liquidity events. Merrill finds that the twin deficits of the country’s decency make it a top candidate to fold should conditions turn dire. (Gazdasági Rádió, MH)