Tag: moodys

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... 

The European Commission proposed on 22 February suspending EUR 495 million of Cohesion Fund commitments to Hungary (Ba1 negative) starting on 1 January 2013. Moody’s said on Monday the move was “credit... 

The three new facilities announced by the National Bank of Hungary (NBH) last Wednesday to boost lending are credit-positive, Moody's Investors Service said in an analysis Monday. “These initiatives... 

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... 

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... 

Moody's Investors Service downgraded to Ba1 from Baa3 (on review for downgrade) The covered bonds of Hungary’s Land Credit and Mortgage Bank (FHB) on Tuesday. This rating action follows Moody's downgrade... 

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... 

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... 

Moody's Investors Service has on Tuesday downgraded to Baa3 (on review for downgrade) from Baa1 (on review for downgrade) covered bonds issued by Hungary’s OTP Mortgage Bank. This rating action follows... 

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... 

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... 

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... 

Moody's Investors Service has announced late on Tuesday that it placed on review for downgrade the standalone bank financial strength ratings (BFSR) of six Hungarian banks and the debt and deposit ratings... 

The analysts of Bank of America Merrill Lynch have recently been in Budapest where local authorities have confirmed small, but steady reform steps, strengthening BofA/ML’s expectation of interest...