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Fitch Affirms Hungary's 'BBB' Rating With Negative Outlook

2023. december 19.

Budapest Business Journal

Fitch Ratings affirmed Hungary's 'BBB' sovereign rating with a negative outlook at a scheduled review on Friday, according to a report by state news wire MTI.

"Hungary's ratings are supported by strong structural indicators relative to 'BBB' peers, investment-fuelled economic growth and solid net FDI inflows," Fitch said.

"These are balanced against high public debt relative to peers, a record of unorthodox fiscal and monetary policy moves, and a worsening of governance indicators in recent years to closer to the 'BBB' median," it added.

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