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Hungary debt junked


Hungary debt junked


Hungary is having to pay more to borrow money after the ratings agency Standard and Poor’s downgraded the country’s credit score to junk.

Hungary’s rating went down from BB+ to BBB minus. The agency said it had doubts about the central bank there.

S&P said changes in the constitution had undermined the independence of the bank, and Hungary’s policy framework had become more unpredictable.

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