Moody’s cuts Hungary rating to just above junk

Moody’s Investors Service cut Hungary’s credit rating to Baa3 on the 6 December 2010, citing concerns over fiscal sustainability, and said another downgrade could follow if the government failed to stabilise financial strength.

ESO: Background information: Moody’s to review Hungary’s credit rating http://www.europeansources.info/record/moodys-to-review-hungarys-credit-rating/

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