Moody’s Downgrades Budapest’s Credit Rating Again

The international credit rating agency Moody’s justified its decision, announced on Friday night in London, by citing the further deterioration of relations between the Hungarian capital and the government, emphasizing that this situation has exacerbated the already significant liquidity stress on Budapest and worsened the city’s budget planning capabilities. The company downgraded Budapest’s long-term domestic […] The post Moody’s Downgrades Budapest’s Credit Rating Again appeared first on H...

By MTI-Hungary Today