R&I upgrades Hungary’s issuer rating to BBB+

R&I upgrades Hungary’s issuer rating to BBB+

Published at: 2019-09-03 10:54 | Author: CIJ Serbia
Rating and Investment Information (R&I) says the Hungarian economy is fairing well and upgraded the country’s foreign currency issuer rating from BBB to BBB+. The move indicates that Hungary’s economic fundamentals are projected to strengthen in the coming months. GDP growth came in at 4.9 percent in 2018 and is expected to increase further in 2019, with the European Commission forecasting growth at 4.4 percent. In 2020, GDP will stabilize at 3 percent, according R&I.

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