Hungary Promises Compromise With EU Over Bailout
Prime Minister Viktor Orban of Hungary has promised that he would compromise with lenders and regulators in talks over a bailout for his country.
Markets Shrug Off Hungary Downgrade
Despite the fact that Fitch Ratings downgraded Hungary on Friday to junk status, joining Standard & Poor’s and Moody’s, markets seemed to shrug off the news on Monday as the forint rose for a third day.
S&P Downgrades Hungary to Junk After It Defies IMF and EU
Hungary was downgraded to junk for the second time in a month, this time by S&P, after Moody's took a similar action previously, but markets reacted little to the news.
Moody's Cuts Hungary's Debt to Junk Status
Moody’s Investors Service cut Hungary’s rating from its lowest investment grade to junk on Thursday, with a negative outlook, despite the country’s appeal to the International Monetary Fund for help last week.
Hungary to Assume EU Presidency Under Criticism
Just as it is about to take over the presidency of the EU, Hungary is fielding critics from other nations in the bloc for its actions in consolidating power under Prime Minister Viktor Orban and his Fidesz party.