Free Trial

Scope Warn of "Cliff Risk" to Corporate Bonds

HUNGARY
  • Late yesterday, Scope Ratings published a report looking into the details of the NBH's corporate bond program (dubbed the "Bond Funding for Growth" program launched in 2019), and warned that a number of companies are at risk of having to repay debts at short notice if credit ratings covenants are breached - providing a "cliff risk" to companies in Hungary.
  • Orban again looked to position Hungary as the meeting point for eastern and western economies in an interview with state radio this morning. Orban defended his easy China approach by stating that cutting edge technology requires economic, rather than ideological, ties - and flagging China's leadership across several technology sectors.
109 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Late yesterday, Scope Ratings published a report looking into the details of the NBH's corporate bond program (dubbed the "Bond Funding for Growth" program launched in 2019), and warned that a number of companies are at risk of having to repay debts at short notice if credit ratings covenants are breached - providing a "cliff risk" to companies in Hungary.
  • Orban again looked to position Hungary as the meeting point for eastern and western economies in an interview with state radio this morning. Orban defended his easy China approach by stating that cutting edge technology requires economic, rather than ideological, ties - and flagging China's leadership across several technology sectors.