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Moody's downgrades the credit rating of the city of Budapest, Hungary, to Ba1 and places it on review for a further cut, citing weak liquidity, uncertainty

Moody's downgrades the credit rating of the city of Budapest, Hungary, to Ba1 and places it on review for a further cut, citing weak liquidity, uncertainty over state transfers, rising solidarity tax obligations, and the partial suspension of European Union funds to Hungary.

By Belfast Herald Staff Reporter1 min read

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BusinessMoody's downgrades the credit rating of the city of Budapest, Hungary, to Ba1 and places it on review for a further cut, citing weak liquidity, uncertainty

Moody's downgrades the credit rating of the city of Budapest, Hungary, to Ba1 and places it on review for a further cut, citing weak liquidity, uncertainty over state transfers, rising solidarity tax obligations, and the partial suspension of European Union funds to Hungary.

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