Hungary has been upgraded by Coface credit insurance

By: Trademagazin editor Date: 2021. 11. 04. 11:24

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Coface upgraded the Hungarian economy, so that instead of the previous A4, it now has an A3 rating, which is the same as in Slovakia, the Czech Republic and Poland, the credit insurer informed MTI on Thursday.

We have moved up in the Coface rank

In the communication, the upgrade was explained by the fact that although there are risks, overall the more favorable factors are in the majority in Hungary.

The rise in prices in the world economy has also boosted inflation in Hungary, and the price index is being pulled up by labor shortages, wage increases and the drastic rise in fuel prices, they said. They also indicated that a key issue for inflation is how long consumers, including households, are willing to pay higher prices. (MTI)