Moody’s Downgrades Budapest Below Investment Grade

The international rating agency Moody’s Investors Service has downgraded the credit rating of the Hungarian capital Budapest and left the outlook at “negative.” While the city leadership accuses the government of deliberate strangulation, the government camp speaks of massive mismanagement. Late on Monday evening, Moody’s Investors Service in London announced a decision that has shaken […] The post Moody’s Downgrades Budapest Below Investment Grade appeared first on Hungary Today .