Credit rating agencies did not change their Hungarian debt rating

By: Trademagazin editor Date: 2020. 08. 17. 11:27

Two major credit rating agencies, Fitch Ratings and Standard & Poor’s, also announced the results of their last scheduled review of the Hungarian debt rating this year, in which the existing categorization recommended for investment was retained – napi.hu wrote. Seeing the effects of the coronavirus, it cannot be ruled out that there will be extraordinary credit rating steps in the near future, S&P has already taken an unfavorable step in the spring.

Two of the three major credit rating agencies have handed down judgments that justify fundamentally favorable scenarios for the Hungarian economy, despite the historical economic downturn there are basically favorable scenarios for the Hungarian economy. (Rácz Gergő, napi.hu)