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.
 
	
RK). The offering totalled $2.35 billion of senior unsecured notes issued by BHFC that are fully and unconditionally guaranteed by the parent.