Fitch downgrades Hungary in first rating cut for 15 years

  • 09 Dec 2005

Fitch downgraded Hungary's long term foreign currency rating from A- to BBB+ this week. It is the first downgrade of the country's debt by any of the three main rating agencies for 15 years.

However, the country had been on negative watch with Fitch since July 2003. Moody's and ...

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