Fitch Ratings cut the outlook on Hungary’s credit score to negative from stable, after a loosening of budget targets to accommodate Prime Minister Viktor Orban’s pre-election spending.
The long-term rating was affirmed at BBB, Fitch said in a statement Friday. Moody’s left its assessment at Baa2 a week ago, on par with Fitch, with a negative outlook. S&P Global Ratings has its score one step lower at BBB-.
www.bloomberg.com
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