Fitch Revises Hungary's Outlook to Positive; Affirms at 'BB+'

May 22, 2015 8:02 PM

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(The following statement was released by the rating agency) PARIS/LONDON, May 22 (Fitch) Fitch Ratings has revised the Outlook on Hungary's Long-term foreign and local currency Issuer Default Ratings (IDR) to Positive from Stable and affirmed the IDRs at 'BB+' and 'BBB-' respectively.

The issue ratings on Hungary's senior unsecured foreign and local currency bonds have also been affirmed at 'BB+' and 'BBB-' respectively. The Country Ceiling has been affirmed at 'BBB' and the Short-term foreign currency IDR at 'B'. KEY RATING DRIVERS The revision of the Outlook to Positive reflect...

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