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Hungary Szijjarto Says Downgrade Wouldn’t Be Justified, MTI Says

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Nov. 2 (Bloomberg) -- Hungary’s economic performance and the government’s policy measures “wouldn’t justify any kind of credit rating downgrade,” state news agency MTI said today, citing Peter Szijjarto, the prime minister’s spokesman.

“The decisions of credit rating companies aren’t exclusively based on real economic processes,” Szijjarto said, MTI reported. The politician added that the government’s various measures “harm the interests of certain financial circles,” according to MTI.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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