There has been a slight upgradation by Moody’s, (Moody’s Investors Service) in Hungary’s long term issuer and senior unsecured bond ratings chart from Ba1 to Baa3 investment grade. The credit rating has significantly improved and the agency has acknowledged the efforts made in changing the dynamics of the policy so that foreign investment may pour in easily.
However, the risk of sovereign debt may not vary and will likely to stay constant for medium to long run.
Other extraneous variables are notably lessened which results in an improved credit profile of the country and coherence for any future economic instability.
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The GDP growth in the upcoming years favors to remain steady and balanced, which will ensure that government bonds are secured.
Also, business investors having a portfolio of Hungarian sovereign debts will have reduced default risk and stable returns.
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