Friday, November 18, 2016

Fitch Affirms Hungary at 'BBB-'; Stable Outlook

(The following statement was released by the rating agency)

LONDON, November 18 (Fitch) Fitch Ratings has affirmed Hungary's

Long-Term

Foreign and Local Currency Issuer Default Ratings (IDR) at

'BBB-' with a Stable

Outlook. The issue ratings on Hungary's senior unsecured foreign

and local

currency bonds have also been affirmed at 'BBB-'. The Country

Ceiling has been

affirmed at 'A-' and the Short-Term Foreign and Local Currency

IDRs at 'F3'. The

ratings on Hungary's senior unsecured short-t

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