Hungary’s sovereign investment rating has been confirmed by one of the largest international agencies, Moody’s, since 2023, reports the MTI on September 2 with reference to the state Ministry of Finance.
The journalists were informed that the American experts analyzed the financial situation of Hungary and outlined its prospects for the coming years, taking into account the existing trends. According to the interlocutor of the MTI, until 2023 Hungary was able to move towards an ever increasing rate of economic development.
This means that the country’s government is reducing public debt and trying to reduce the budget deficit. According to the agency’s forecasts, if foreign partners continue to invest in Hungary and exports do not decrease, economic indicators will increase by 3% in 2024.
The Ministry stressed that Americans highly appreciate Hungary’s competitive tax system.
Let us remember that Moody’s (Moody’s Investors Service) is one of the largest international rating agencies along with Standard & Poor’s and Fitch Ratings. Moody’s has its own rating scale, which determines the solvency of the State. The higher the rating, the more unlikely a default is.
Hungary received a Baa2 – green rating, which means: “medium strength obligations, subject to moderate credit risk. It may have certain speculative risks”.
Source: Rossa Primavera
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