Standard&Poor’s was the first major credit rating agency to acknowledge the impressive performance of the Hungarian economy by raising the country’s rating to BB+ on 20 March 2015. Thus, Hungary is in the same category at all three leading credit rating institutions. The decision was the result of a stable budget and higher-than-expected economic growth. The upgrade was also underpinned by the agreement between the European Bank for Reconstruction and Development (EBRD) and the Government of Hungary which, among others, secures lower bank taxes.
For more information please check the attached file on the right side of the page!
(Ministry for National Economy)