Mihály Varga: the Hungarian economy successfully received the last credit rating of this year

The minister said that all three major credit rating agencies have assessed Hungary in recent weeks: Standard & Poor’s has confirmed our country’s investment grade rating with a stable outlook. Moody’s has also confirmed the rating, changing the outlook from stable to negative, while Fitch Ratings has improved its assessment of the Hungarian economy from negative to stable.

The Fitch credit rating agency highlights the stability of the Hungarian economy, the strong reduction in inflation and the increase in investments as positives. Experts expect accelerating economic growth and a decreasing budget deficit in the coming years, explained Mihály Varga.

He said that this year alone, credit rating agencies have reviewed Hungary twelve times, and despite the deterioration of external conditions, it was kept in the investment-grade category each time.