Coface upgraded Hungary

Hungary has been upgraded by Coface. The credit insurer justified its decision because of the economic growth and the improvement of the business environment.

According to Coface’s Thursday announcement, following a detailed review of Hungary’s performance, the Hungarian economy has been rated to A3. Previosly it was rated A4. According to the rating, the qualifier considers the risks of the Hungarian business sector to be acceptable, while the A4 rating was a slightly higher risk. (MTI)