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)
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