More from FXstreet.com

S&P downgrades Hungary to BB from BB+

By FXstreet.com,  November 23, 2012, 12:30:00 PM EDT

FXstreet.com (Córdoba) - Ratings agency Standard & Poor's (S&P) downgraded Hungary by one notch on Friday to BB from BB+, while keeping stable outlook for the country's debt.

"The downgrade reflects our opinion that the government's unorthodox policies, including exceptional measures applied to the financial sector, could erode the country's medium-term growth potential. This could eventually undermine the government's efforts to sustainably reduce general government debt", said S&P in a statement.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Boston Marathon Runners Finally Cross Finish Line
Boston Marathon Runners Finally Cro...
Graduations Bring Normalcy To Ravaged Oklahoma
Graduations Bring Normalcy To Ravag...
Prep School Apologizes For Sexual Abuse Of Students
Prep School Apologizes For Sexual A...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%