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Fitch affirms Hungary’s investment grade rating

Fitch Ratings affirmed Hungary's 'BBB' investment-grade sovereign rating at a scheduled review on Friday.

Fitch left its negative outlook on the rating unchanged.

“Hungary’s ratings are supported by strong structural indicators relative to ‘BBB’ peers, investment-fuelled economic growth and solid net FDI inflows,” Fitch said.

In a statement issued after the rating action, the Economic Development Ministry said the affirmation was “another reassuring sign” following an affirmation of Hungary’s sovereign rating by Standard and Poor’s a week earlier. All of the big rating agencies put Hungary in the investment grade category, it added.

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