HomePage | Contact Us | About Us
Custom Search
|
|
HomePage | Contact Us | About Us |
Custom Search
|
|
|
Hungary's Credit Rating DowngradeNovember 2011 Moody's credit rating agency downgraded on November 24 Hungary's credit rating to junk, from previous Baa3 to Ba1 ,with a negative outlook for the Hungarian economy. Fitch Cuts Hungary's RatingDecember 2010 Fitch credit rating agency downgraded on December 23 Hungary's long term foreign currency credit by one notch, from BBB to BBB-, just one level above "junk" status. The downgrade could harm Hungary's ability to get loans in the international market. Fitch is worried from the medium term economic plans and describes the government forecast of 5% growth in 2013 as "optimistic". Fitch's outlook remains negative, joining the two other credit rating agencies. The Hungarian public debt is about 80% of the GDP the highest among the eastern EU members. |
© All copyrights reserved