Hungary Credit Rating trends, research and data

This page includes the government debt credit rating and outlook of Hungary as reported by the credit rating agencies of S&P, Moody’s and Fitch. Credit rating agencies are often slow to respond to rising risk conditions. Sign up free to monitor Hungary’s sovereign risk using MacroVar Advanced Financial & Macroeconomic data analytics.

DateRatingOutlookIndicator
27-01-23BBB- (Stable)Hungary Credit Rating (S&P)
12-08-22BBB (Negative)BBBHungary Credit Rating (S&P)
24-09-21Baa2 (Stable)Baa2Hungary Credit Rating (Moody's)
25-09-20Baa3 (Positive)Baa3Hungary Credit Rating (Moody's)
28-04-20(Stable)Hungary Credit Rating (S&P)
14-02-20(Positive)Hungary Credit Rating (S&P)
14-02-20BBBBBBHungary Credit Rating (Fitch)
16-08-19BBBBBBHungary Credit Rating (Fitch)
22-02-19BBBBBBHungary Credit Rating (Fitch)
15-02-19BBB (Stable)BBBHungary Credit Rating (S&P)
23-11-18Baa3 (Stable)Baa3Hungary Credit Rating (Moody's)
31-08-18BBB- (Positive)BBB-Hungary Credit Rating (Fitch)
09-03-18BBB- (Positive)BBB-Hungary Credit Rating (Fitch)
10-11-17BBB- (Positive)BBB-Hungary Credit Rating (Fitch)
25-08-17(Positive)Hungary Credit Rating (S&P)
12-05-17BBB- (Stable)BBB-Hungary Credit Rating (Fitch)
18-11-16BBB- (Stable)BBB-Hungary Credit Rating (Fitch)
04-11-16Baa3 (Stable)Baa3Hungary Credit Rating (Moody's)
16-09-16BBB- (Stable)BBB-Hungary Credit Rating (S&P)
22-07-16BBB- (Stable)BBB-Hungary Credit Rating (Fitch)
20-05-16BBB- (Stable)BBB-Hungary Credit Rating (Fitch)
20-11-15BB+ (Positive)BBB-Hungary Credit Rating (Fitch)
06-11-15Ba1 (Positive)Ba1Hungary Credit Rating (Moody's)
22-05-15BB+BBB-Hungary Credit Rating (Fitch)
20-03-15BB+ (Stable)BB+Hungary Credit Rating (S&P)

Hungary Credit Rating Analysis

The credit rating signal from each credit rating agency for the sovereign debt of Hungary and it’s meaning is presented in the table below.

S&PMoody’sFitchAnalysis
AAAAaaAAAPrime
AA+Aa1AA+High grade
AAAa2AA
AA-Aa3AA-
A+A1A+Upper medium grade
AA2A
A-A3A-
BBB+Baa1BBB+Lower medium grade
BBBBaa2BBB
BBB-Baa3BBB-
BB+Ba1BB+Non-investment grade
speculative
BBBa2BB
BB-Ba3BB-
B+B1B+Highly speculative
BB2B
B-B3B-
CCC+Caa1CCCExtremely speculative
CCCCaa2
CCC-Caa3In Default with small probability of recovery
CCCa
CC
D/DDDIn default