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Hungary’s credit rating may be improved this year

By admin // 2014.06.03.

Dániel Palotai, executive director for monetary policy of the National Bank of Hungary (MNB) said at a conference in Budapest that during consultation conducted with one of the three large credit rating agencies (Moody’s, Standard & Poor’s, Fitch Ratings), the credit rating agency acknowledged that the Hungarian economy was less vulnerable than it had been before.

The executive director of MNB did not name the credit rating agency, but according to him the credit rating of Hungary may be improved this year. According to Dániel Palotai it would be difficult to find a reason against the upgrade.