Scope Ratings GmbH has revised Hungary’s outlook to positive from stable on the country’s BBB sovereign rating.
At the same time, Scope has affirmed Hungary’s BBB long-term and senior unsecured local- and foreign-currency ratings, along with the short-term issuer rating of S-2 in both local and foreign currency.
According to MTI, the outlook on the long-term issuer and senior unsecured debt ratings has been set to positive. The outlook on the short-term issuer rating is stable.
“Robust economic performance, reduced external imbalances, fiscal consolidation and an improving debt structure underpin the positive outlook," the report states.