Standard & Poorʼs Global Ratings revised the outlook on Hungaryʼs "BBB-/A-3" long and short-term foreign and local currency sovereign credit ratings from "stable" to "positive" on Friday.
Hungary's rating has been below the "recommended for investment" level for several years, but since last year the big rating agencies are improving their opinions. Step by step all of them have given Hungary better ratings and now a positive outlook is kind of a preparation of the next upgrade.
This decision is also a reflection of the increasing volume of investments, strict and successful central budgeting, growing GDP, and low inflation.
We will send you articles keeping you up to date with the latest trends and developments in accounting, taxation or legal fields.