83 result(s) for upgrade in Business
Fitch Affirms Hungary’s Junk Rating; Outlook Positive
- 23 Nov 2015 8:00 AM
- business
Fitch Ratings affirmed Hungary’s “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled review Friday evening. Earlier most analysts expected an upgrade to “BBB minus”, the bottom of investment grade, but Hungary’s Economy Minister Mihály Varga played down the chance for “a major change” in a Friday morning television interview.
Moody’s Takes Rating Actions On Six Hungarian Banks
- 13 Nov 2015 8:00 AM
- business
Ratings agency Moody’s has taken rating actions on six Hungarian banks, prompted by the outlook change to Hungary’s sovereign rating to “positive” from “stable” last Friday. Moody’s also changed Hungary’s Macro Profile to “Weak+” from “Weak”, driven by the improvement in the Hungarian banks’ operating environment, in particular in the country’s economic strength.
Moody’s Changes Budapest Outlook To Positive From Stable
- 10 Nov 2015 4:00 AM
- business
Ratings agency Moody’s Investors Service raised the outlook on the city of Budapest’s Ba1 issuer rating to “positive” from “stable”. Moody’s also affirmed the capital’s Ba1 rating. Moody’s noted that on Friday it had raised the outlook on Hungary’s “Ba1” sovereign long term issuer rating, one notch under investment grade, to “positive” from “stable” and said that the upgrade to the capital’s ...
Fitch: Hungary Among Most Likely Sovereigns For Investment Grade Upgrade
- 4 Nov 2015 8:00 AM
- business
Hungary’s “BB+” sovereign credit rating is a single notch below investment grade and its outlook is positive and it is likely to be upgraded to investment category, Fitch Ratings said. Ever since Hungary was downgraded to speculative grade in January 2012, its credit profile has improved considerably, consistent with the current positive outlook, Fitch said.
Hungarian Business Leaders Continue To Press For Country Strategy
- 20 Oct 2015 9:00 AM
- business
The Hungarian European Business Council (HEBC), a body of business leaders established by the European Round Table of Industrialists, continued to press for the creation of a tangible country strategy in an annual report released on Monday. The Council said such a strategy was necessary to make Hungary’s competitiveness sustainable.
Lazar: Euratom Clears Paks Upgrade Contracts
- 11 Sep 2015 11:02 AM
- business
The Euratom Supply Agency has reviewed contracts for the Paks nuclear reactor development project and determined they are fully in line with the EU legal framework, government office chief Janos Lazar said on Thursday. Euratom informed the government on September 7 that the contracts for the Paks development comply with all technical, energy policy and environmental protection requirements, Lazar ...
Hungarian Forint Steady Despite Greek Turbulence
- 7 Jul 2015 5:01 AM
- business
Greek woes may mean some temporary weakness for the Hungarian currency but it is set to firm in the medium term, analysts say after a brief wobble. The forint showed resilience on Monday, trading at 316.06 to the euro late in the day, down from 314.68 on Friday but up from 316.44 late Sunday. It hit an intraday low of 317.12 on Monday.
Hungary, China Sign Silk Road Economic Belt MOU
- 8 Jun 2015 9:00 AM
- business
Hungarian Foreign Minister Péter Szijjártó and his Chinese counterpart Wang Yi signed a memorandum of understanding in Budapest on the governments’ active support for the establishment of the Silk Road Economic Belt and the 21st Maritime Silk Road. The projects are being financed by the Silk Road Fund, which has already been capitalised with some 40 billion dollars from Beijing.
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...
Fitch Affirms Hungary’s Junk Rating; Outlook Positive
- 23 Nov 2015 8:00 AM
- business
Fitch Ratings affirmed Hungary’s “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled review Friday evening. Earlier most analysts expected an upgrade to “BBB minus”, the bottom of investment grade, but Hungary’s Economy Minister Mihály Varga played down the chance for “a major change” in a Friday morning television interview.
Moody’s Takes Rating Actions On Six Hungarian Banks
- 13 Nov 2015 8:00 AM
- business
Ratings agency Moody’s has taken rating actions on six Hungarian banks, prompted by the outlook change to Hungary’s sovereign rating to “positive” from “stable” last Friday. Moody’s also changed Hungary’s Macro Profile to “Weak+” from “Weak”, driven by the improvement in the Hungarian banks’ operating environment, in particular in the country’s economic strength.
Moody’s Changes Budapest Outlook To Positive From Stable
- 10 Nov 2015 4:00 AM
- business
Ratings agency Moody’s Investors Service raised the outlook on the city of Budapest’s Ba1 issuer rating to “positive” from “stable”. Moody’s also affirmed the capital’s Ba1 rating. Moody’s noted that on Friday it had raised the outlook on Hungary’s “Ba1” sovereign long term issuer rating, one notch under investment grade, to “positive” from “stable” and said that the upgrade to the capital’s ...
Fitch: Hungary Among Most Likely Sovereigns For Investment Grade Upgrade
- 4 Nov 2015 8:00 AM
- business
Hungary’s “BB+” sovereign credit rating is a single notch below investment grade and its outlook is positive and it is likely to be upgraded to investment category, Fitch Ratings said. Ever since Hungary was downgraded to speculative grade in January 2012, its credit profile has improved considerably, consistent with the current positive outlook, Fitch said.
Hungarian Business Leaders Continue To Press For Country Strategy
- 20 Oct 2015 9:00 AM
- business
The Hungarian European Business Council (HEBC), a body of business leaders established by the European Round Table of Industrialists, continued to press for the creation of a tangible country strategy in an annual report released on Monday. The Council said such a strategy was necessary to make Hungary’s competitiveness sustainable.
Lazar: Euratom Clears Paks Upgrade Contracts
- 11 Sep 2015 11:02 AM
- business
The Euratom Supply Agency has reviewed contracts for the Paks nuclear reactor development project and determined they are fully in line with the EU legal framework, government office chief Janos Lazar said on Thursday. Euratom informed the government on September 7 that the contracts for the Paks development comply with all technical, energy policy and environmental protection requirements, Lazar ...
Hungarian Forint Steady Despite Greek Turbulence
- 7 Jul 2015 5:01 AM
- business
Greek woes may mean some temporary weakness for the Hungarian currency but it is set to firm in the medium term, analysts say after a brief wobble. The forint showed resilience on Monday, trading at 316.06 to the euro late in the day, down from 314.68 on Friday but up from 316.44 late Sunday. It hit an intraday low of 317.12 on Monday.
Hungary, China Sign Silk Road Economic Belt MOU
- 8 Jun 2015 9:00 AM
- business
Hungarian Foreign Minister Péter Szijjártó and his Chinese counterpart Wang Yi signed a memorandum of understanding in Budapest on the governments’ active support for the establishment of the Silk Road Economic Belt and the 21st Maritime Silk Road. The projects are being financed by the Silk Road Fund, which has already been capitalised with some 40 billion dollars from Beijing.
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...