Hungary | Credit Rating

Standard & Poor's credit rating for Hungary stands at BBB- with positive outlook. Moody's credit rating for Hungary was last set at Baa3 with stable outlook. Fitch's credit rating for Hungary was last reported at BBB- with positive outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Hungary thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Hungary as reported by major credit rating agencies.



AgencyRatingOutlookDate
FitchBBB- Positive Nov 10 2017
S&PBBB- Positive Aug 25 2017
Moody'sBaa3 Stable Nov 04 2016
S&PBBB- Stable Sep 16 2016
FitchBBB- Stable May 20 2016
TE47 Stable Apr 16 2016
Moody'sBa1 Positive Nov 06 2015
FitchBB+ Positive May 22 2015
FitchBB+ Positive May 22 2015
S&PBB+ Stable Mar 20 2015
Moody'sBa1 Stable Nov 07 2014
S&PBB Stable Mar 28 2014
S&PBB Negative Mar 21 2013
FitchBB+ Stable Dec 20 2012
S&PBB Stable Nov 23 2012
FitchBB+ Negative Jan 06 2012
S&PBB+ Negative Dec 21 2011
Moody'sBa1 Negative Nov 24 2011
S&PBBB- Negative Watch Nov 11 2011
FitchBBB- Negative Nov 11 2011
FitchBBB- Stable Jun 06 2011
FitchBBB- Negative Dec 23 2010
Moody'sBaa3 Negative Dec 06 2010
Moody'sBaa1 Negative Watch Jul 23 2010
S&PBBB- Negative Jul 23 2010
S&PBBB- Stable Oct 02 2009
Moody'sBaa1 Negative Mar 31 2009
S&PBBB- Negative Mar 30 2009
FitchBBB Negative Mar 02 2009
S&PBBB Negative Nov 17 2008
FitchBBB Stable Nov 09 2008
Moody'sA3 Negative Nov 07 2008
FitchBBB+ Negative Oct 15 2008
S&PBBB+ Negative Watch Oct 15 2008
S&PBBB+ Negative Mar 14 2008
FitchBBB+ Stable Nov 05 2007
Moody'sA2 Stable Dec 22 2006
S&PBBB+ Stable Dec 21 2006
Moody'sA1 Negative Watch Sep 22 2006
FitchBBB+ Negative Sep 20 2006
S&PBBB+ Negative Jun 15 2006
Moody'sA1 Negative Feb 22 2006
S&PA- Negative Jan 26 2006
FitchBBB+ Stable Dec 06 2005
FitchA- Negative Jul 15 2003
Moody'sA1 Stable Nov 29 2001
S&PA- Stable Dec 19 2000
FitchA- Stable Nov 30 2000
Moody'sA3 Stable Nov 14 2000
FitchBBB+ Positive Sep 21 2000
Moody'sBaa1 Positive Watch Sep 13 2000
Moody'sBaa1 Positive Apr 10 2000
S&PBBB+ Positive Feb 02 2000
FitchBBB+ N/A Oct 29 1999
Moody'sBaa1 Stable Jun 25 1999
S&PBBB Positive Dec 11 1998
Moody'sBaa2 Positive May 08 1998
Moody'sBaa3 Positive Watch Mar 20 1998
S&PBBB- Positive Jan 22 1998
Moody'sBaa3 Positive Sep 11 1997
FitchBBB N/A Jun 24 1997
FitchBBB- Positive Watch May 23 1997
Moody'sBaa3 Stable Dec 19 1996
S&PBBB- Stable Oct 28 1996
Moody'sBa1 Positive Watch Oct 14 1996
FitchBBB- N/A Apr 25 1996
S&PBB+ Stable Feb 01 1996
S&PBB+ Negative Apr 11 1995
S&PBB+ Stable Apr 15 1994
S&PBB+ Positive Apr 20 1992
Moody'sBa1 Stable Jul 18 1990
Moody'sBaa2 Stable Jul 18 1989


 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB 65
B- B2 B 41
B+ B2 B B 15
B1 B+ 43
BBB+ BBB- 63
AAA Aaa AAA AAA 97
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 55
BB+ Baa3 65
B+ B1 BB+ 60
BB- Ba3 BB- 40
CCC+ Caa3 53
B Caa1 B- 25
AA Aa3 AA- AA (high) 88
B- B3 25
N/A N/A 30
A+ A2 N/A 91
BB Ba3 BB- 38
B B3 28
A- A2 73
BB Ba2 BB BB 34
BBB- Baa2 BBB 53
B 30
N/A B2 30
B B2 B 30
AAA Aaa AAA AAA 99
B B 35
Aa3 85
A+ Aa3 A N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB BBB 52
CCC+ B3 25
BB- Ba2 BB 50
BB Ba2 BB 45
Caa2 20
BB+ Ba3 BB BB (low) 36
AA- A1 A+ 81
AAA Aaa AAA AAA 100
BB- Ba3 BB- 36
B- B3 B 29
B- B3 B 28
CCC+ Caa1 B- 41
AA- A1 A+ AA (low) 81
B B1 B 31
AA AAA 99
B+ Ba3 33
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AAA 90
N/A B3 B 40
BB- Ba2 BB- 38
AAA Aaa AAA AAA 100
B- B3 B 31
B- Caa2 B- CCC (high) 10
SD
BB- Ba1 BB 49
BB- B1 33
AA+ Aa2 AA+ 95
BBB- Baa3 BBB- 47
A A3 A 55
BBB- Baa2 BBB- BBB 48
BBB- Baa3 BBB- 46
B- Caa1 B- 25
A+ A2 A+ A (high) 70
N/A Aa2 98
A+ A1 A+ 76
BBB Baa2 BBB BBB (high) 60
Ba3 B+ 38
B B3 B 24
A+ A1 A A 78
B+ B1 45
BBB- Baa3 BBB 61
B+ B1 B+ 20
AA Aa2 AA 90
NR B2 30
A- A3 A- A (low) 69
B- B3 B- 31
B+ 40
AAA 100
A- A3 A- A (low) 69
AAA Aaa AAA AAA 100
Aa3 AA- 88
BB- BB 48
A- A3 A- 66
B2 B+
A- A3 A+ A 74
Baa1 65
BBB+ A3 BBB+ BBB (high) 60
B3 25
B- Caa1 B- 36
B+ B1 40
BBB- 55
BBB- Ba1 BBB- 54
SD Caa3 CC 30
Ba1 BB+ 55
AAA Aaa AAA AAA 100
AA Aaa AA 90
B+ B2 B+ 33
B B2 B+ 28
AAA Aaa AAA AAA 99
BB Baa2 BBB- 78
B B3 B 19
BBB Baa2 BBB 60
B+ B2 35
BB Ba1 BB 41
BBB+ A3 BBB+ N/A 60
BBB Baa2 BBB 53
BBB+ A2 A- A 67
BBB- Ba1 BBB BBB (low) 44
D 0
AA- Aa3 AA- 87
CCC+ B3 CC 30
BBB- Baa3 BBB- 52
BB+ Ba1 BBB- 43
B B2 B+ 30
BBB- 65
A- A1 A+ 86
B+ Ba3 35
BB- Ba3 BB 36
BB- 30
AAA Aaa AAA AAA 98
A+ A2 A+ A (high) 80
A+ Baa1 A- A 61
B3 25
BB Baa3 BB+ 49
AA Aa2 AA- 84
BBB+ Baa2 BBB+ A (low) 62
B+ B1 B+ 38
B3 25
B B1 B- 39
B2
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 82
B- B3
BBB+ Baa1 BBB+ 63
BBB+ Ba1 68
BB- B1 B+ 44
BB Ba1 BB+ BB (high) 44
B B2 B+ 33
B- Caa2 B- 15
AA Aa2 AA 90
AA Aa2 AA AAA 95
AA+ Aaa AAA AAA 97
BBB Baa2 BBB- BBB (low) 56
SD Caa3 RD 5
BB- B1 BB- 29
B B3 B 34


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com