“A change in outlook to negative by Fitch this Friday is a likely scenario,” Erste analysts said in a note.
Almost $30b in EU funding was frozen last month due to EU concerns over corruption and graft, and accessing these funds will be key in avoiding a rating downgrade in the future, they say.
S&P, which has Hungary on negative outlook since August, will publish its rating review a week later.

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“A change in outlook to negative by Fitch this Friday is a likely scenario,” Erste analysts said in a note.
Almost $30b in EU funding was frozen last month due to EU concerns over corruption and graft, and accessing these funds will be key in avoiding a rating downgrade in the future, they say.
S&P, which has Hungary on negative outlook since August, will publish its rating review a week later.

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