Bloomberg News

Hungary Deal With IMF Wouldn’t Trigger Ratings Move, Fitch Says

January 12, 2012

Jan. 12 (Bloomberg) -- An agreement between Hungary and the International Monetary Fund to unlock financial aid for the country would be positive and wouldn’t trigger a change in the sovereign rating or outlook, Fitch Ratings said today.

“The IMF Deal would be a positive first step but will not automatically lead to improvement in either the outlook or the rating,” Matteo Napolitano, a London-based director of sovereign ratings at Fitch, told reporters in Warsaw.

To contact the reporter on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

To contact the editor responsible for this story: Wojciech Moskwa at wmoskwa@bloomberg.net


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