S+P Global Ratings affirmed Hungary’s ‘BBB’ sovereign rating with a stable outlook at a scheduled review. S+P’s analysts projected Hungary’s economy would grow 6.1% this year and 5.3% in 2022, acknowledging the country’s effective vaccination rollout and fiscal stimulus.
The finance ministry welcomed the rating action, calling it an acknowledgement of the resilience the Hungarian economy has shown this year. The ministry cited S+P as saying that Hungary’s rating could be upgraded if economic growth continues to outpace peers’ without engendering overheating or external balances, and if public finances are consolidated more quickly than projected.
hungarymatters.hu
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