World Economy

Hungary Outlook Stable

Hungary Outlook StableHungary Outlook Stable

Ratings agency Fitch affirmed Hungary’s sovereign rating at ‘BBB- ’, just over the investment grade threshold, in a scheduled review, reported. The outlook for the rating is ‘stable’. “Hungary’s ‘BBB-’ ratings balance its high level of GDP per capita, strong governance indicators and European Union membership against a track record of unorthodox economic policy and high government and external debts,” Fitch said. However, it acknowledged that “a narrower government deficit and strong current account surpluses in recent years have allowed a decline in government and net external debt”.


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