Published: December 16 2023
Fitch Ratings has confirmed Hungary's investment-grade sovereign rating, affirming its 'BBB' rating with a negative outlook. This confirms Hungary's strong structural indicators, investment-fueled economic growth, and solid net FDI inflows.
Hungary's Investment Rating by Fitch Ratings
Fitch Ratings has affirmed Hungary's investment-grade sovereign rating at 'BBB'. The rating is supported by strong structural indicators relative to 'BBB' peers, as well as investment-fueled economic growth and solid net FDI inflows.
Negative Outlook Unchanged
Despite affirming the investment grade rating, Fitch Ratings has left its negative outlook on Hungary's rating unchanged.
Reassuring Sign for Hungarian Economy
Hungary's Economic Development Ministry sees Fitch Ratings' affirmation as another reassuring sign for the Hungarian economy. This comes after a previous affirmation of Hungary's sovereign rating by Standard and Poor's.
Investment-grade Rating by All Major Agencies
Hungary has received investment-grade ratings from all major rating agencies, positioning the country's economy in a positive light.
Questions & Answers
=== What is Hungary's investment rating according to Fitch Ratings? Hungary's investment grade sovereign rating according to Fitch Ratings is 'BBB'.
What is the outlook for Hungary's investment rating according to Fitch Ratings? Fitch Ratings maintained a negative outlook for Hungary's investment rating.
What factors support Hungary's investment rating according to Fitch Ratings? According to Fitch Ratings, Hungary's investment rating is supported by strong structural indicators relative to its 'BBB' peers, investment-fueled economic growth, and solid net foreign direct investment (FDI) inflows.
Has Hungary's sovereign rating been affirmed by other rating agencies as well? Yes, Hungary's sovereign rating was also affirmed by Standard and Poor's a week earlier, according to a statement from the Economic Development Ministry.
In which category do all the major rating agencies place Hungary? All of the major rating agencies place Hungary in the investment grade category.