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Hungary: Stable Outlook Yet Still Junk Status
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Published: December 12, 2013; 17:46 ♦ (Vindobona)
In spite of Matolcsy, governor of the Hungarian National Bank (MNB), demanding a better rating for the country’s credibility, the major rating agencies have not raised them.
Hungary: Stable Outlook Yet Still Junk Status / Picture: © Fitch
According to György Matolcsy EU Commissioner Olli Rehn has “mismanaged” the financial crisis. Moreover, the Hungarian Governor expects the four major rating agencies to adapt ratings for the creditworthiness of the country “to the reality”. However, since risks are significantly higher than in other CEE countries, rating agencies leave Hungary’s rating at junk…
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