S&P assesses Hungary's reform programme, maintains rating, negative outlook
23 March 2011
Standard & Poor's Ratings Services said today that it has affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Hungary. The outlook on the ratings remains negative. The transfer and convertibility assessment on Hungary remains at 'A-'.
"The ratings on the Republic of Hungary reflect our view of the potential for improvement in the Hungary's medium-term economic growth prospects based on the implementation of the Szell Kalman plan, the government's expenditure-focused reform program announced in March 2010," Standard & Poor's credit analyst Trevor Cullinan said.
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Source: portfolio.hu
