Moody’s Ratings lowered the outlook of Hungary’s debt to negative from stable, citing weaker governance that risks losing grants and low-cost loans from the European Union.
The agency affirmed Hungary’s rating at Baa2, the second-lowest investment-grade level and on par with Mexico and Colombia. The locked money from the EU may lower economic growth and worsen debt metrics, Moody’s said in a statement.
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Publish date : 2024-11-29 13:56:00
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