ERA rates TURKEY BB, outlook Stable
Friday, 18 January 2019

The unsolicited credit rating BB assigned to Turkey stems from constant indebtedness growth paralleled with limited international reserves, the low risk of public debt non-servicing, high midterm inflation, sustained negative external balances, and the deteriorated quality of monetary regulation.

End of consultation period and publication of a final version of GRE methodology
Friday, 11 January 2019

After end of the consultation period for the proposed new Methodology for Analysing Relationships Between Rated Entities and the State under the International Scale (Methodology), the final methodology was published.

ERA closed the consultation period without comments. ERA starts using this methodology in first half of 2019.

Link to the Methodology

ERA rates Hungary BBB, outlook Stable
Friday, 30 November 2018

ERA issues the following unsolicited credit rating for Hungary.

The unsolicited credit rating assigned to Hungary stems from a strong economy, sound private sector finances, and above average governance indicators. The rating is restricted by high government debt load, high structural deficits, and low foreign reserves indicators.
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