Ratings agency Moody's on Monday said it downgraded Budapest's baseline credit assessment (BCA) to ba1 from baa3 and long-term foreign and domestic issuer ratings to Ba1 from Baa3, putting them below investment grade. The capital's mayor considers this downgrade 'obvious' after the government failed to adher to an agreement to meet is financial obligations and […]
Moody's Ratings has withdrawn its 'Baa3' long-term investment grade rating on the Hungarian oil and gas company Mol. The international credit rating agency stressed in the reasons for the decision announced in London that it had withdrawn the rating of the Hungarian oil and gas group on the basis of its own business considerations. Moody's […]
With a stable outlook, Moody's Investors Service has confirmed MBH Bank's recommended investment ratings: among other things, its long- and short-term bank deposit ratings, as well as its senior unsecured MTN program and senior unsecured debt ratings. Based on the analysis of the international rating agency, it was highlighted that the confirmation of the debtor […]
