S&P cuts Hungary's credit rating to  BB+/B (junk territory) from BBB-A-3, with a negative...

|By:, SA News Editor
S&P cuts Hungary's credit rating to  BB+/B (junk territory) from BBB-A-3, with a negative outlook reflecting a one-in-three chance of another downgrade over the coming year. "The downgrade reflects in our opinion that the predictability and credibility of Hungary's policy framework continues to weaken."