Standard & Poor's downgrades Hungary credit rating to junk

Note: This section contains information in English only.
Source: Bloomberg

Yesterday Hungary's credit ratings were cut from BBB- to BB+ by Standard & Poor's. EU and IMF postponed talks about aid package on concerns the Hungary's central bank law will weaken monetary policy independence. Hungary is likely to have slowest growth and highest debt among EU eastern countries next year. Moody's Investors Service already lowered nations rating to junk on November 24.

Back to articles

Actual Topics

Thu, 22 Dec 2011 10:05:46 GMT

Greece's creditors reluctant to accept greater losses

Greece's creditors are struggling against IMF pressure to accept greater losses on government bonds, said three persons familiar with matter. Lenders require government to issue new bonds worth €70 bn ($91 bn) with a coupon at around 5%. However, IMF is forcing creditors to take smaller coupon to cut Greek GDP ratio to 120% by 2020. Without write-downs Greece's debt burden will be nearly twice

Thu, 22 Dec 2011 09:58:51 GMT

Putin must compete with economic records made by himself

Vladimir Putin, Russian PM faces a challenge to convince voters he can surpass economic performance records of his previous presidential terms. Economy expanded at average rate of 7.1% during period 2000-2008. Economic growth for current year is likely to be only 4.5%. Putin's inability to boost growth while being a premier may deter voters. 

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.