S&P revises outlook on Eximbank credit rating to ʼpositiveʼ
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."
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.