First Moody's, Fitch is next
Analysis by Péter Virovácz (ING)
Two rating agencies are conducting rating reviews one week apart
Affecting Raiffeisen, K&H, Erste and MFB
Credit rating agency points to serious risks
The rating remains Baa2
Reflecting improving financial profile
Due to Ukraine war, spillovers (energy) and policy responses
All eyes on the Fed (mostly)
Changes outlook to stable from positive
Following upgrade of Hungary's bond rating to Baa2
Move was on the cards due to positive outlook
As recovery begins
As well as of others in three countries
Affirms Baa3 ratings in a surprise move
But rebound is to be quick
May decrease EU GDP by 20%, Moody’s says
As coronavirus strains asset quality and profitability