Hungarys economy minister said he expects the nations credit to be raised by two other rating companies after it regained investment-grade status from Fitch Ratings.
Fitch became the first of the largest three credit assessors to reward Prime Minister Viktor Orbans push to reduce public debt and reverse measures that contributed to downgrades five years ago.
“We expect a similar positive decision by the other two main rating companies after the upgrade by Fitch, ” Economy Minister Mihaly Varga told reporters Saturday in Budapest.
Fitch late Friday raised the nations long-term rating to BBB- from BB+, assigning a stable outlook. That leaves it on par with Bulgaria, Romania and Russia. Moodys Investors Service and S&P Global Ratings both h…
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