Hungary Gets Second Junk Debt Rating as S&P Follows Moody’s

It looks like Hungary is going down the drain faster than the European Union. Read the whole article: Hungary Gets Second Junk Debt Rating as S&P Follows Moody’s

Dec. 21 (Bloomberg) — Hungary lost its investment-grade rating at Standard & Poor’s, the second such downgrade in a month, increasing pressure on Premier Viktor Orban to obtain an International Monetary Fund backstop.

This was Nov. 25th:

Nov. 25 (Bloomberg) — Hungary lost its investment-grade rating at Moody’s Investors Service after 15 years as the Cabinet seeks International Monetary Fund help to boost confidence in the European Union’s most-indebted eastern member. Elliott Gotkine reports on Bloomberg Television’s “Countdown” with Owen Thomas. (Source: Bloomberg)


Hungary Cut to Junk at Moody’s After IMF Plea

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This entry was posted on Wednesday, December 21st, 2011 and is filed under World Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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