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S+P: "Hungary’s Small Open Economy is Steadying After Series of External Shocks"

• 10 Jul 2023 11:47 AM
• Hungary Matters

S+P Global Ratings affirmed Hungary’s BBB- sovereign rating with a stable outlook at a scheduled review.

“The stable outlook reflects our view that Hungary’s small open economy is steadying after a series of external shocks,” S+P said in the rationale for the rating action, noting a shift by policymakers to tighter monetary and fiscal settings.

The growth outlook beyond 2023 “remains healthy”, it added. The Finance Ministry said the rating action signals S+P’s confidence in the Hungarian economy.

The investment grade rating is also an acknowledgement of government measures to improve balance indicators, it added.

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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