Fitch debased Hungary’s credit rating

Fitch Ratings affirmed Hungary’s investment grade BBB sovereign rating but changed the outlook to negative from stable at a scheduled review on Friday.

Fitch said higher global interest rates, volatile energy prices and weakening demand in Hungary’s key export markets is exposing vulnerabilities stemming from a policy mix that is “influenced by political considerations”.

Read also Fitch debased Hungary’s credit rating

Source: MTI