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View Full Version : Hungary's Credit Rating Cut to Junk by Moody's After Last-Minute IMF Plea - Bloomberg



NewsWhore
11-24-2011, 06:30 PM
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Hungary&#39;s Credit Rating Cut to Junk by Moody&#39;s After Last-Minute IMF Plea (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE9-xt_aVbaJvN3VHRSgkawmYuEDA&url=http://www.bloomberg.com/news/2011-11-24/hungary-s-credit-rating-cut-to-junk-by-moody-s-after-last-minute-imf-plea.html)
Bloomberg
The foreign- and local-currency bond ratings were cut one step to Ba1, the highest junk-level score, from Baa3, the company said today in a statement. Moody&#39;s, which awarded Hungary its investment grade in 1996, assigned a negative outlook. ...

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