Tag: rating

The European Commission's announcement that it will start financial aid talks with Hungary is positive, Fitch Ratings said on Thursday. Nonetheless, the process of securing assistance will be uncertain... 

Fitch Ratings thinks Hungary will set out a credible deficit reduction plan to secure multilateral funding from the EU and IMF this spring. This would likely result in the EU reversing its decision to... 

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... 

Central and Eastern Europe’s fiscal financing needs are manageable, but risks remain, Fitch Ratings said in a report published on Wednesday. Hungary’s capacity to obtain market financing on... 

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... 

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... 

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... 

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... 

(Expands, adds charts) Fitch Ratings has said on Wednesday it was unlikely to change Hungary's credit rating until it has more information on the outcome of the country's talks with the International... 

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... 

Fitch Ratings has on Monday affirmed Hungarian oil and gas group MOL’s Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' with Stable Outlooks and Short-term foreign and... 

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...