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PSzÁF accepts ratings of Moody's, Standard and Poor's, Fitch

The State Financial Supervisory Authority (PSzÁF) has published on its website a list of ratings agencies whose assessments of securities it will accept.

These are the three biggest ratings agencies, Moody's, Standard and Poor's and Fitch. Under a government decree, securities in Hungary are only considered “qualified” investments if they are termed investor quality by two of the ratings agencies on the list and are listed on a stock exchange in a country on another list compiled by PSzÁF.
Since the decree came into effect in December 2002, no ratings agency has requested inclusion on PSzÁF's list.