BUDAPEST: Fitch cut Hungary's long term foreign currency credit rating to BBB- with a negative outlook on Thursday, Dec 23, warning that the lack of a coherent medium-term fiscal strategy undermined confidence in the sustainability of public finances.
"The reversal of pension reforms and lack of a coherent medium-term fiscal strategy undermines confidence in the long-term sustainability of the public finances," it said in a statement.
"Failure to implement credible medium-term fiscal consolidation measures that restore the public finances to a sustainable course could lead to a downgrade," it said. - Reuters
"The reversal of pension reforms and lack of a coherent medium-term fiscal strategy undermines confidence in the long-term sustainability of the public finances," it said in a statement.
"Failure to implement credible medium-term fiscal consolidation measures that restore the public finances to a sustainable course could lead to a downgrade," it said. - Reuters
No comments:
Post a Comment