A pro-government commentator thinks that S&P’s decision to raise Hungarian credit outlook to positive indicates that the Hungarian economy is on a steady growth path. A left-wing columnist, on the other hand, thinks the upgrade is due to the private sector’s performance. READ MORE
A conservative analyst calls the upgrading of Hungary’s sovereign debt belated but welcome, as it will produce positive feedback for the national economy. READ MORE
Days ahead of the next report and likely upgrade of Hungary to investment category by Moody’s, a pro-government columnist thinks that the Hungarian economy is on the right path. Her left-wing counterpart complains about lacklustre growth. READ MORE
A conservative analyst interprets the second major rating company’s decision to upgrade Hungary to investment category as an acknowledgement of the success of the oft criticized economic policies pursued by the government and the National Bank. READ MORE
As Hungary regains its investment grade status from Fitch Ratings after four years in the junk category, commentators are divided over what comes next. READ MORE
As two out of the ‘big four’ upgrade Hungary’s credit rating outlook to positive, commentators ponder the prospects of a future upgrade of Hungarian sovereign debt to investment grade. READ MORE
As Standard and Poor’s lifts Hungary’s rating to just below investment grade, conservative commentators believe Hungary should persevere with its fiscal discipline, with the likelihood that two major rating institutions out of three may raise its rating to investment level before long. READ MORE
Commentators on both Right and Left call on the government to reconsider the surplus taxes on banks as the state buys an interest in retails banks and the economy grows at a 3.5 per cent rate. READ MORE
Magyar Nemzet believes that what its editors always saw as double standards in judging economic policies came to an end when Standard and Poor’s stripped the European Union of its top credit rating just before Christmas. The commentator cautions, however, against premature triumphalism, despite the first signs of recovery in Hungary.
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Népszabadság and Magyar Nemzet call in unison for the establishment of a European credit rating agency. The two biggest Hungarian dailies agree that American credit rating agencies are trying to pressurize EU countries to reach an overall agreement this week, but at the same time play an important role in the economic war between the EU and the US. READ MORE