Following an upgrade by Fitch Ratings in May 2016 and by Standard&Poor’s in September 2016, Moody’s Investors Service also revised upward Hungary’s state debt status on 4 November 2016. Thus, after five years in “junk” category, Hungary has been elevated to investment grade by all the three leading international credit rating agencies. Moody’s revised the former Ba1 rating to Baa3, with stable outlook. In light of data released in recent months, analysts had anticipated and welcomed this positive decision, and their expectations are also upbeat concerning the future.

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(Ministry for National Economy)