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Article: HUNGARY: MOODY'S REPORTS STABLE OUTLOOK.(nation's credit rating)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- September 29, 2003
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In its annual report on Hungary, Moody's Investors Service says that the stable outlook for the nation's A1 rating reflects the fact that that its trade, financial, and institutional integration with Europe is deepening in line with its entry into the EU, which is scheduled for 2004. The report's author, Vice President/Senior Credit Officer, Jonathan Schiffer, explains that Hungary's economy and external trade benefit as "key production processes in high value-added sectors are being integrated with the European Union's production-distribution-marketing chains." The government's solid, decades-long record of public debt management and the nation's robust civil ...