Budapest’s credit rating falls to ‘junk’ as funding row with Orbán’s government intensifies
The city of Budapest has been cut to junk status by Moody’s, a leading global credit rating agency, in a rating action that explicitly links the Hungarian capital’s short-term credit risk to liquidity pressure and an ongoing institutional dispute with the national government. “Moody’s Ratings today downgraded the Base Credit Assessment of the City of … Read more