Moody's may downgrade Hungarian banks

Moody's Investors Service said it placed on review for downgrade the A1 foreign-currency deposit of seven Hungarian banks: OTP Bank, OTP Jelzalogbank, Kereskedelmi & Hitel Bank, MKB Bank, Budapest Bank, Hungarian Development Bank, Central-European International Bank.

The review was prompted by the recent review for downgrade of Hungary's sovereign ratings, which Moody's attributed primarily to the country's deteriorating fiscal balance and the recent political developments.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.