Fitch raises rating on Hungary’s long-term foreign currency

By
Daily Excelsior
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UNDATED, May 21: Fitch Ratings raised its rating on Hungary’s long-term foreign currency to ‘BBB minus’ from ‘BB plus’, citing high current account surpluses and EU fund inflows among other reasons. “Tighter fiscal policy has been consistent with a gradual decline in government debt from a high level,” Fitch said in a note on Friday.   The rating agency also affirmed Hungary’s long-term local currency IDR at ‘BBB-‘ and said the outlook on the long-term IDRs is stable.   (AGENCIES)

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