Wednesday , July 28 2021

Moody's – Neptune.Hu has been certified by Hungary

With a steady view of changed, the rating-grade public debt rating of Hungary's "Ba 3" level was confirmed by the Moody's Investors Service on Friday. This is the end of Hungary's credit rating review series this year.

The capital said in its analysis of Friday night's decision in London that the possibility of short-term development of the Hungarian economy is still strong. The company predicts that Hungarian domestic production (GDP) will grow by 4.3 per cent this year, and MTI will be 3.4 per cent in 2019.

Credit rating indicates that the annual growth rate of Hungarian economy has increased in the real terms since 2016, indicating that the economy responds to government policy measures aimed at promoting local demand.

Moodyz asserted that the average annual growth rate in the first three quarters of 2018 was 4.7%, and its primary driving force was also driven by strong domestic demand.

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