Hungary: Junk Rating Remains

Politics ♦ Published: October 28, 2013; 22:16 ♦ (Vindobona)

S&P has reiterated Hungary´s sovereign debt rating. Further cuts are not unlikely.

Hungary: Junk Rating Remains / Picture: ©

At the moment, Hungary´s long-term sovereign debt rating is “BB-“. S&P did not only confirm the rating, but also the negative outlook. The U.S. rating agency warns Hungary of continuing its “unpredictable economic policy”. If Hungary should weaken investor confidence further, further cuts into the non-investment grade are not unlikely, S&P stressed.

In general,…