Hungary downgraded to junk by Moody's

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
According to Moody's statement, it has reduced Hungary's credit rating from Baa3 to Ba1 or to the highest junk. The downgrading took place after Hungary asked for help from International Monetary Fund to regain confidence as country has the highest level of sovereign debt among EU eastern members. Hungary has also received lower ratings from Fitch and Standard & Poor's.

Back to articles

Actual Topics

Fri, 25 Nov 2011 08:03:49 GMT

Does the situation in Germany has something in common with Titanic first class ticket?

Germany's inability to attract offers in its bond auction can be a signal that investors are becoming reluctant to lend even to the most creditworthy country in the EU. The yield on 10-German bonds exceeds 2% creating the biggest gap with US Treasuries in 30 months. Stuart Thomson, Ignis Asset Management's strategist compares weak demand for German bonds with Titanic's first class passengers who faced

Fri, 25 Nov 2011 08:16:28 GMT

Syrian unrest may lead to sanctions

Syrian government did not announce its decision on the Arab League observer mission despite being a couple of hours away from the deadline. The Arab League requires 500 observers to enter Syria to prevent violence as over 3,500 people were killed since protests started in March. In case Syria does not allow observers to enter its territory, the Arab League will meet tomorrow to decide on

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.