Budapest began this week with an investment grade credit rating after five years of being classed as “junk.”

Hungary will go to the polls in 2017 having reduced its deficit to 1,9% of the GDP, increased its current account surplus, reduced its external debt, and on Friday saw its credit rating rise to an investment grade BB+, at par with Russia, Romania, and Bulgaria.

Fitch moved to upgrade Hungary to investment grade credit rating on Friday, May 20. The credit rating agency noted a “reduc...

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