Hungary Moves Toward Fitch Investment Grade on Finances

Hungary moved toward regaining its investment grade as Fitch Ratings raised the outlook on the country’s sovereign credit assessment, citing sturdier public finances and faster economic growth.

The outlook on the eastern European nation’s BB+ rating, the highest junk grade, was increased to positive from stable, meaning Fitch is more likely to upgrade it than keep it stable or cut it. It remains on par with Portugal and Macedonia.