Hungarian Parliament: Gov’t can only support taking on a joint EU loan if it is not tied to any political or ideological condition
If we get caught up in political disputes, we will not have an economic recovery, nor a new EU budget.Read more
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
The news comes after three of the most influential credit rating agencies in the world upgraded Hungary's rating in 2016. Fitch was the first to upgrade Hungary to investment grade in May, followed by S&P in September then Moody's in November
In Thursday’s print edition of the Financial Times, following Standard and Poor’s decision to restore Hungary’s credit rating to investment grade, a commentator praises Prime Minister Orbán’s “economic miracle.” Once a staunch critic of Hungary’s “unorthodox” measures to restore its technically bankrupt economy, the British daily’s admiration is the first sign that S&P’s move closes an era of doubts over whether Hungarian reforms are working.