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