Tag: credit

Moody's have gone a bit further this morning in a Reuters report in terms of their thinking on Hungary's rating. The rating agency argues that a delay in securing an IMF/EU financing deal and the suspension... 

Last Wednesday, the European Commission announced that Hungary remained non-compliant with a number of European Union (EU) laws and that it would require the Hungarian government to respond with requisite... 

A total of 142,000 foreign currency loans were terminated in Hungary between 29 September 2011 and 30 January 2012 in a scheme that allowed early repayment in a lump sum at below-market exchange rates... 

The Hungarian government’s delegation will be led by Development Minister Tamás Fellegi in negotiations with the International Monetary Fund (IMF) on a new financial assistance deal, the government... 

Hungary announced on Thursday that it will start talks with the International Monetary Fund to seek a “new type of co-operation" with the IMF. It stressed that the deal would involve no credit. There... 

Hungary is to reach a new agreement with the International Monetary Fund (IMF), which will not reduce - as the previous deal did - but increase its financial-economic sovereignty, the National Economy... 

Standard&Poor's Ratings Services on Friday placed its 'BBB-/A-3' foreign and local currency sovereign credit ratings on Hungary on CreditWatch with negative implications. At the same time, it has placed... 

Hungary’s National Economy Minister György Matolcsy said a downgrade by some of the three major credit rating agencies is a “real threat", adding that asking the International Monetary Fund... 

It would be “foolish and suicidal" if Hungary tried to isolate itself from the Eurozone, as it will also need to take part in finding a solution for the bloc’s woes, said Development Minister... 

Hungary’s government has on Wednesday announced that in scope of its Home Creation Programme it will restore the social housing subsidy and grant interest rate-subsidised forint loans to for buying... 

Analysts and fund managers surveyed by Portfolio.hu on Friday in a flash poll said it was a real risk that Hungary’s credit rating will be downgraded within three months. Out of the 13 foreign and... 

Unexpected negative comments by the CEO of Hungary's State Debt Management Agency (ÁKK) have been released early in the afternoon on Friday concerning the country's credit rating outlook. Released by Reuters... 

Hungarian energy group MOL has announced on Friday that under the revolving credit facility agreement with a three year tenor signed on 10 September 2010 an amount of EUR 470 million has been extended...