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Moody’s Upgrades Hungary to Baa2, Outlook Stable

MTI-Hungary Today 2021.09.25.

Moody’s Investors Service upgraded Hungary’s sovereign rating to Baa2 from Baa3, with a stable outlook, at a scheduled review on Friday.

Hungary’s Moody’s rating is now level with the sovereign ratings assigned to it by Fitch and S+P Global Ratings.

Fitch Affirms Hungary 'BBB' Rating; Outlook Stable
Fitch Affirms Hungary 'BBB' Rating; Outlook Stable

Fitch put Hungary's real GDP growth at 6.5 percent in 2021 and at an average of 4.8 percent in 2022-2023.Continue reading

“Hungary’s economic resilience is underpinned by the strong growth rebound throughout the first half of 2021, helped by effective fiscal and monetary policies, and further complemented by a strong medium-term outlook building on robust investment, with potential growth of around 3-4 percent over the next five years,” Moody’s said.

“Moody’s expectation that the projected strong growth rebound and medium-term outlook over the coming years will support fiscal consolidation and reduction in the government’s debt burden, which underlines Hungary’s resilient fiscal strength,” it added.

Featured photo via Pixabay