Tag: downgrade

While ING’s analysts maintained their ‘Buy’ rating on Austrian fuels group OMV, Citigroup has kept is ‘Sell’ tag on the stocks. The common move they have made was to raise... 

Fitch Ratings downgraded Hungarian banks CIB Bank Zrt's (CIB) and Kereskedelmi és Hitelbank Zrt's (K&H) Long-term Issuer Default Ratings (IDR) to 'BBB' from 'A-' with Negative Outlook and CIB's, K&H's... 

Fitch Ratings has announced on Tuesday that the ratings of Hungarian oil and gas group MOL are unaffected by the downgrade of Hungary's ratings on 6 January. 2012.01.10 12:32Fitch says Hungary will need... 

Hungary’s forint first hit a new all-time low at 324 versus the euro then gained six units on Thursday, and its firming momentum has not faded on Friday morning. The appreciation came about over... 

Fitch Ratings has on Friday downgraded Hungary's Long-term foreign and local currency Issuer Default Ratings (IDR) by one notch to 'BB+' and 'BBB-', from 'BBB-' and 'BBB' respectively. The Outlook on the... 

Fitch Ratings has on Friday downgraded Hungary's Long-term foreign and local currency Issuer Default Ratings (IDR) by one notch to 'BB+' and 'BBB-', from 'BBB-' and 'BBB' respectively. The Outlook on the... 

Hungary's 5-year credit default spread has jumped above 600 bp on news of a Standard & Poor's downgrade from investment grade to junk. This sudden increase was not paralleled by any other country's CDS... 

Weak demand at Thursday's 12-month zero-coupon treasury bill auction has prompted Hungary's State Debt Management Agency (ÁKK) to lower the amount on offer from HUF 40 billion to HUF 30 billion. Yields... 

Hungarian government bonds yields rose 25 to 30 bp in Thursday morning trade on news of a S&P downgrade the night before, Portfolio.hu has learned from a trader representing a primary dealer who wished... 

Barely a month after a Moody's downgrade, Standard & Poor's have followed suit, moving Hungary from the lowest investment grade to junk category. Analysts believe a Fitch downgrade may be in store early... 

Standard & Poor's has downgraded Hungary's sovereign debt from BBB- to BB+, which means the country now has junk rating. To make matters worse, the rating comes with negative outlook. This means Hungarian... 

Having completed a review of Hungary's OTP Bank and OTP Mortgage Bank, Moody's Investors Service has reconfirmed ratings in line with a decision on November 25, OTP said on Monday. Moody's put OTP on... 

UBS has on Friday downgraded Hungarian fuels group MOL to ‘Neutral’ from ‘Buy’ previously and cut its target price for the oil stock to HUF 20,000 from HUF 22,500. “In... 

Hungarian daily Népszabadság learned from one of the 11 economists who consulted with the Prime Minister and the Economy Minister last Friday that Moody’s Investors Service was to lower the country’s... 

Hungary had to announce that it would seek a new agreement with the IMF partly because it wanted to avoid a downgrade, Zoltán Cséfalvay, secretary of state at the Economy Ministry said on Monday. This... 

Moody's Investors Service has downgraded seven Hungarian commercial banks to reflect the rating agency's lowering of the Hungarian government debt rating to Ba1 and the country's foreign-currency deposit... 

Moody's Investors Service downgraded the issuer rating of the City of Budapest to Ba1 from Baa3 on Saturday. This rating action follows Moody's decision to downgrade the sovereign bond rating of Hungary... 

While the surprise announcement by Hungary’s government last Thursday on seeking a financial safety net from the International Monetary Fund (IMF) was primarily aimed at avoiding a downgrade, Moody’s... 

Moody’s has lowered Hungary’s credit rating to non-investment grade (Ba1 from Baa3), based on deteriorating fiscal outlook (rising risk of missing fiscal and debt-reducing targets) amid worsening... 

(Adds comment by BNP Paribas, Danske on page4) Hungary has officially lost its investment grade rating - Moody’s cut its rating to junk late on Thursday. Both foreign and local currency ratings...