Economy
11:02 25/11/2011
Moody's cuts Hungary rating to non-investment grade
Ratings agency Moody's cut Hungary's government bond rating by one notch to Ba1, below investment-grade with a negative outlook hours after rival Standard & Poor's held fire on a flagged downgrade on news of planned talks on international aid, Reuters reported.
Hungary returned to the International Monetary Fund and the European Union last week after the forint currency fell to record lows against the euro in the wake of a warning by S&P that Hungary could lose its investment-grade credit score.
Moody's cited rising uncertainty about Hungary's ability to meet fiscal goals, high debt levels and what it called increasingly constrained medium-term growth prospects as the main reasons behind the downgrade from Baa3.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
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14:06
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14:32
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