The rating agency expects Hungary’s economy to grow by 3% in 2024 on the back of strong exports, a high investment rate and a pickup in consumption supported by increasing...
The National Bank of Hungary welcomed the decision, noting that it had repeatedly indicated that Hungary was ripe for another upgrade.
Leading ratings agency Moody said in its annual report that Hungary’s diversified economy and disciplined fiscal policy support the country’s ‘Baa3’ credit rating with a stable outlook.
Moody’s expects Hungarian banks’ non-performing loans to fall to around 5.5 percent of total loans by the end of 2019, from 6.2 percent in 2018 and around 15 percent in...
Moody’s projected Hungary’s GDP growth would reach 4.3 percent in 2018 and 3.4 percent in 2019
National Bank of Hungary (NBH) deputy governor Márton Nagy said the upgrade is expected when Standard & Poor’s review is next scheduled
The review may surprise the finance industry by yet again boosting Hungary’s outlook. Moody’s has remained the only major rating agency with a stable outlook. Both S&P and Fitch have a positive outlook
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
The bank could maintain loose monetary conditions until 2018-2019
Moody's upgrade had been widely anticipated as both Fitch and Standard & Poor's had already lifted Hungary to investment grade earlier this year
Standard & Poor's has raised Hungary's rating by one notch to BBB- from BB+ and has lifted the country out of 'junk status'