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S&P may cut Hungarian State Railways
Standard & Poor's said it placed the BBB- long-term and A-3 short-term issuer credit ratings on Hungarian State Railways Co. Ltd. on CreditWatch with negative implications.
This follows the watch on the Republic of Hungary (BBB+/Watch negative/A-2) on Oct. 15, which in turn reflects concerns over mounting financial-sector funding pressures and their potential to raise general government debt materially, according to the agency.
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