S+P affirms Hungary BBB- rating with stable outlook
“The stable outlook reflects our view that Hungary’s small open economy is steadying after a series of external shocks,” S+P said in the rationale for the rating action, noting a shift by policymakers to tighter monetary and fiscal settings.
The growth outlook beyond 2023 “remains healthy”, it added.
The Finance Ministry said the rating action signals S+P’s confidence in the Hungarian economy. The investment grade rating is also an acknowledgement of government measures to improve balance indicators, it added.