S&P Reaffirms Ratings in Hungarys Economic Resilience and Growth Potential [Video]

Standard and Poor’s has confirmed that it continues to recommend Hungary for investment, with the three major rating agencies all showing a high level of confidence in the country. This is based on the stability and crisis resilience of the economy, writes Magyar Nemzet. The Hungarian economy is growing above the EU average, outperforming the Belgian, French, Italian, Dutch, Romanian, Latvian, and German economies, among others, the Ministry for National Economy emphasized.

S&P Global Ratings affirmed its BBB minus/A-3 investment-grade rating on Hungarian government debt obligations in foreign and local currency with long and short maturities. The international rating agency has maintained its stable outlook while affirming the rating. Hungary’s rating is also maintained in the investment grade category by the other two global credit rating agencies, Fitch Ratings and Moody’s, but at one notch above S&P’s rating.

The ministry pointed out that although we are going through a difficult period, there are an increasing …