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Fitch Affirms Hungary at 'BBB'; Outlook Negative

Fitch Ratings has affirmed Hungary's Long-Term Issuer Default Ratings (IDRs)at 'BBB' with a Negative Outlook. Hungary's 'BBB' rating is supported by strong structural indicators, including GDP per capita well above the peer median. These strengths are balanced against high public debt, a record of unorthodox economic policies, vulnerability to energy prices, and a worsening of governance indicators in recent years to closer to the 'BBB' median. [....]