54014
Hungary Outlook Stable
Hungary Outlook Stable

Hungary Outlook Stable

Hungary Outlook Stable

Fitch Ratings affirmed Hungary?s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-’ with a Stable Outlook, Hungarian news agency MTI reported. Fitch bumped Hungary back into investment grade in May. Standard & Poor?s and Moody’s followed suit in September and November, respectively. Hungary’s ratings reflect the country’s membership in the European Union, strong governance indicators, high GDP per capita and reduced external debt, Fitch said. The ratings are constrained by high state debt, a weak banking sector and a track record of unorthodox economic policy that “has contributed to low private investment and affected growth potential,” it added.

 

Short URL : https://goo.gl/3cXC57
  1. https://goo.gl/QLOcpv
  • https://goo.gl/hWu6Ds
  • https://goo.gl/qlYEJJ
  • https://goo.gl/PHuHzq
  • https://goo.gl/2RW32z

You can also read ...

Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
Farnborough Airshow Announces $192b in Orders
England’s Farnborough airshow this week saw deals worth $192...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus