Fitch Affirms Hungary’s Investment Grade Credit Rating

Publicated on: May 15, 2017

Rating agency Fitch left Hungary’s credit rating unchanged on Monday, May 15th at ’BBB-’, just above investment grade level. In the accompanying report, Fitch affirmed the "stable outlook” of the Hungarian economy and noted forecasted accelerated economic growth across Hungarian sectors.

In the report, specifically noted Hungary’s falling debt-to-GDP ratio and predicted that the budget deficit will stay below 3 percent of GDP for both 2017 and 2018. “Given Hungary’s openness, the main risk to the growth outlook stems from the external environment, especially demand from EU trade partners,” Fitch said.

Currently, Hungary holds investment grade ratings from all three major crediting agencies – Moody's, Standard & Poor’s, and Fitch.

(Ministry for National Economy)