Arab Today, arab today fitch downgrades hungary debt to junk
Last Updated : GMT 19:44:17
Arab Today, arab today
Arab Today, arab today

Fitch downgrades Hungary debt to junk

Arab Today, arab today

Arab Today, arab today Fitch downgrades Hungary debt to junk

New York - Xinhua

Fitch Ratings, one of the top three international rating agencies, announced on Friday that it had downgraded Hungary\'s credit rating to junk status, citing a standoff between the government and international lenders over possible rescue loans. Fitch Ratings cut Hungary\'s credit rating by one notch to BB+ from BBB-, saying the downgrade reflects further deterioration in the country\'s fiscal and external financing environment and growth outlook caused in part by further unorthodox economic policies. The rating agency also maintained the negative on Hungary\'s ratings, indicating a probability greater than 50 percent of another downgrade within the next two years \"A further increase in fiscal and external financing risks and the failure to secure a timely and appropriate IMF agreement could lead to a downgrade,\" Fitch said in its statement. \"A deeper contraction in economic activity than currently expected; evidence of an increase in private sector capital outflows; a material weakening in the government\'s commitment to fiscal consolidation or destabilizing unorthodox policy measures could also lead to a downgrade.\" Fitch\'s downgrade came after similar actions taken by Moody\' s and Standard & Poor\'s, two other major rating agencies, last month. Now, all three agencies had put Hungary\'s rating to junk status.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fitch downgrades hungary debt to junk Arab Today, arab today fitch downgrades hungary debt to junk

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fitch downgrades hungary debt to junk Arab Today, arab today fitch downgrades hungary debt to junk

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday