BREAKING NEWS

BREAKING NEWS

Hungary debt rating under threat

Now Reading:

Hungary debt rating under threat

Text size Aa Aa

Two top ratings agencies have said they may downgrade Hungary’s sovereign debt after its prime minister rejected austerity measures.

Moody’s placed Hungary’s government bond ratings on review after the International Monetary Fund and the European Union suspended talks over their 20 billion euro financing deal for Hungary.

Standard and Poor’s later revised its outlook to negative from stable.