Saturday June 6, 2020

Hungary's IMF delay a negative says Moody's

Hungary’s failure to obtain a European Union and International Monetary Fund loan four months after requesting assistance is credit negative, credit ratings agency Moody’s said.

12th March, 2012

Hungary’s failure to obtain a European Union and International Monetary Fund loan four months after requesting assistance is credit negative, credit ratings agency Moody’s said.

The absence of a loan makes external borrowing “challenging” for the country and rising costs on domestic bond sales “pose questions for debt sustainability,” Alpona Banerji, a Moody’s analyst in London, said in a report today.

Hungary is seeking to...

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