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FITCH, S&P TO REVIEW HUNGARY'S SOVEREIGN RATING ON FRIDAY

 

Fitch Ratings and Standard and Poor’s Global Ratings are both scheduled to review Hungary’s sovereign credit rating on Friday. This will be the second and last scheduled sovereign credit rating review of Hungary by both rating agencies this year. In its previous review on February 22, Fitch Ratings raised Hungary’s sovereign rating to ‘BBB’ from ‘BBB-‘, two notches over the investment grade threshold. S&P also upgraded the rating to ‘BBB’, two notches over the investment grade threshold, with a ‘stable’ outlook, on February 15. Moody’s Investors Service did not update Hungary’s Baa3 rating with a stable outlook in its May review. Moody’s is next scheduled to review Hungary’s sovereign rating on October 25. The three rating agencies put Hungary’s sovereign rating back in investment grade in 2016.