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Hungary 'BBB-/A-3' Ratings Affirmed; Outlook Remains Positive
  • 17-Aug-2018 16:09 EDT
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OVERVIEW

  • We expect Hungary's GDP growth to peak this year at 4% or slightly higher.
  • Despite strong demand-driven growth, Hungary's external position
    continues in surplus, and net foreign direct investment remains
    substantial.
  • Nevertheless, Hungary's government has made only modest progress in
    reducing net general government debt to GDP, at an estimated 70.6% last
    year, versus 72.9% of GDP in 2012.
  • We are affirming our 'BBB-/A-3' long- and short-term foreign and local
    currency sovereign credit ratings on Hungary.
  • The outlook remains positive.
 
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