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Fitch Downgrades Hungary's Credit Outlook Amid Budget Concerns

12/6/2025

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Summary

Story summary

On December 5, 2024, Fitch Ratings downgraded Hungary's credit rating outlook to negative due to worsening public finances ahead of 2026 election.
Fitch Ratings maintained Hungary's credit rating at 'BBB,' a status the Economy Ministry called significant amid European downgrades.
Fitch projected a budget deficit of 5.6% of GDP for 2025, exceeding government's target.
Fitch warned political factors after the elections could hinder revenue increases or cuts to social support.

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Story summary

On December 5, 2024, Fitch Ratings downgraded Hungary's credit rating outlook to negative due to worsening public finances ahead of 2026 election.
Fitch Ratings maintained Hungary's credit rating at 'BBB,' a status the Economy Ministry called significant amid European downgrades.
Fitch projected a budget deficit of 5.6% of GDP for 2025, exceeding government's target.
Fitch warned political factors after the elections could hinder revenue increases or cuts to social support.