Mihály Varga: it is favorable that Fitch Ratings confirmed Hungary’s rating despite the war crisis

By: Trademagazin Date: 2022. 07. 22. 10:24

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It is good that Fitch Ratings has confirmed Hungary’s classification despite the war crisis and European recession fears, and continues to recommend Hungary for investment with a stable outlook – wrote the Minister of Finance Mihály Varga on his Facebook page on Saturday morning.

The credit rating agency announced on Friday night that it has confirmed the “BBB” investment recommendation rating of Hungary’s foreign currency-denominated long-term public debt obligations with an unchanged stable outlook.
The Minister of Finance reminded that in recent months the prospects of the Czech Republic and Slovakia were also worsened by the credit rating agencies.