Hungary|At the same time, Moody’s confirmed Hungary’s current credit rating.
Credit scorer Moody’s has lowered the outlook for Hungary’s credit rating to negative, citing, among other things, the country’s administrative weaknesses. The company is worried that Hungary’s hostile attitude towards the EU could lead to financial consequences.
Hungary receives a significant amount of funding from the EU, the condition of which is, among other things, compliance with the rule of law. According to analysts, Hungary may lose a significant amount of EU funding because the country does not meet the conditions for the release of these funds.
At the same time, Moody’s confirmed that Hungary’s credit rating remains at Baa2.