Despite the dangerous international environment, Hungary's debt rating has been confirmed by the Japan Credit Rating Agency, Minister of Finance Mihály Varga pointed out in a message posted on his social media page on Tuesday.
He highlighted:
the credit rating agency still maintains Hungary in the "A-" category, recommended for investment, with a stable outlook.The Japanese experts favorably evaluated Hungary's economic structure, the government's responsible budget policy, the reduction of the national debt, and the stability of the Hungarian banking system. He pointed out: in addition to the Japanese credit rating agency, the three major international credit rating agencies also recommend Hungary for investment , and they rank our country two grades higher than 10 years ago.
This year, the government will continue to improve the balance indicators, reduce the budget deficit, and reduce the state debt, Minister of Finance Mihály Varga confirmed in the message.
civilek.info:
Something is very wrong here. Either the Japanese specialists - and the three major credit rating agencies - do not understand, do not know the Hungarian situation "in depth", or the world has turned upside down. After all, the domestic opposition clearly and unequivocally explained (and explains at least five times a day) that the Hungarian economy is in ruins, that the country is racing towards bankruptcy, that the government is incapable of handling the "tragic situation". And if they say so, so be it.
What do credit rating agencies mean by this? The politicians, among whom there are countless horse doctors, lawyers, journalists, teachers, trade union leaders and doctors, all of them economic specialists, are very understanding. Not to mention, they are well-versed in financial matters, because they understand everything. Their opinion is therefore authoritative, and the credit rating agencies have a piece of cake!
Don't let those who are right be right!
Source: MTI
(Cover image source: MASZOL)
