Tag: junk

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... 

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... 

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 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... 

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... 

Moody's Investors Service has downgraded Hungary's government bond rating by one notch to Ba1 from Baa3, and is maintaining a negative outlook. This is junk grade, folks. The key drivers for the downgrade...