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S&P Downgrades Hungary

Published: November 23, 2012; 23:10 · (Vindobona)

The U.S. rating agency lowers Hungary´s sovereign debt rating from “BB+” to “BB”.

S&P Downgrades Hungary / Picture: ©

Today, Standard & Poor´s has revised the long-term debt rating for Hungary from “BB+” to “BB”. The short-term rating is still a “B”. The outlook remains stable. S&P explains that the economic policy of Hungary is rather unconventional.

For the financial sector, the measures taken by the Hungarian government may be dangerous, S&P explains. Above all, the…

This article includes a total of 114 words.

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