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Published on 1/26/2023 in the Prospect News Emerging Markets Daily.

Fitch views Hungary banks negatively

Fitch Ratings said it revised the outlooks for Hungarian Export-Import Bank plc, MFB Hungarian Development Bank plc and Erste Bank Hungary Zrt. to negative from stable.

The rating actions follow a similar outlook revision on the Hungarian sovereign on Jan. 20, Fitch said.

Fitch concurrently affirmed its BBB+ rating on Erste and its BBB issuer ratings on Hungarian Export-Import and MFB Hungarian.


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