Fitch to Cut Hungary Sovereign Credit by Two Steps to Junk, Origo Reports

Fitch Ratings has notified the Hungarian government of its intention to cut the country’s sovereign credit grade by two steps to junk, Origo news website reported, citing two “market sources independent of each other.”

Hungary is currently rated BBB-, the lowest investment grade, with a negative outlook at Fitch.

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net

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