Citing uncertainty over the country's ability to meet 'austerity' targets and its rising susceptibility to external shocks - given its heavy reliance on external investors - Moody's just downgraded Hungary to Junk Ba1 (with a negative outlook).
Moody's Statement Summary:
The key drivers for the downgrade and negative outlook are as follows:
1.) The rising uncertainty surrounding the country's ability to meet its medium-term targets for fiscal consolidation and public sector
No comments:
Post a Comment