According to the three major rating agencies, Hungary is the target country for investments
The performance of the Hungarian economy seems to be internationally recognized in 2016 and has really had a reason for a triumphant success: On May 20, 2016, the London-based rating agency Fitch Ratings lifted the credit rating of the Hungarian government debt to BBB with a stable outlook, what stands for an average good investment.
It was the first judgment of one of the three major international rating agencies, which mean that money investments in Hungarian bonds are no longer considered as speculation. Standard & Poor's followed the judgment of Fitch in September 2016, Moody's - in early November 2016. On November 24, 2011, Moody's had entered Hungarian exile to the “garbage” status. After five years of being exhilarated, Hungary returns to the international financial markets.
First rating agency "Fitch" in May 2016 and then "Standard & Poor's" in September rated the Hungary's economy as "BBB-" and "BBB-/A-3". At the beginning of November 2016, the American credit assessor "Moody's" raised the rating of the country by one note to "BAA3". This allowed Hungary after five years to finally leave the “garbage” category.
"Moody's" justified the revaluation with advances in debt reduction and expects growth of 2.5% for the coming years, just like "Standard & Poor's". The Hungarian National Bank (MNB) welcomed the decision. It stressed that thanks to the successful economic policy of the past years, all the macroeconomic indicators of the country could be improved.
Compiled by Bendeguz H. Kovács (17.02.2017)