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Aug 17, 2018

Standard and Poor’s to review Hungary’s sovereign credit rating

Standard and Poor’s is not the only credit rating agency to have already posted positive projections for Hungary’s economy. All three major rating agencies currently have Hungary’s sovereign rating at investment grade

Standard and Poor’s Global Ratings is scheduled to review Hungary’s sovereign credit rating today.

According to reports, it will be the second and last scheduled sovereign credit rating review of Hungary by S+P in 2018.

Standard and Poor’s is not the only credit rating agency to have already posted positive projections for Hungary’s economy.

S+P affirmed Hungary’s ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings and ‘positive’ outlook on February 16th.

Fitch Ratings affirmed Hungary’s sovereign rating at ‘BBB-‘, just over the investment grade threshold with a positive outlook in March this year.

Meanwhile, Moody’s Investors Service did not update Hungary’s Baa3 rating with a stable outlook in its June review or at any of its three scheduled reviews last year.

Fitch is set to review Hungary’s rating on August 31st and Moody’s on November 23rd. All three major rating agencies currently have Hungary’s sovereign rating at investment grade.