May 17, 2024 07:23 GMT
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