Tuesday, December 07, 2010

HungaryEconomics: European Meltdown victim: Hungary's govt bonds rated "junk"

Financial T+mz email newsletter (Dec7,2k10):

Moody’s cuts Hungary rating to just above junk 
Moody’s Investors Service cuts Hungary’s credit rating by two notches to just above junk, warning that moves to cut its budget deficit were not sustainable 
http://link.ft.com/r/TWK799/YHE060/1HTJY/C5HE5N/PRCL17/36/h?a1=2010&a2=12&a3=6  [Short-term paid subscription required]
I care about Hungary.  I am vitally interested in the Reformed Church of Hungary (RCH) and the welfare of its people, so I'm favourably disposed toward all of Hungary's people.  But the country has apparently run itself into the ground financially.  How did this happen?  Gaspar Koroly University GKU), sponsored by RCH, shoud have graduate schools of accounting and political policy for the nation.  We need to see people with advanced credentials in both fields, and have the reformational philosophical depth requ+rd to enter leadership, in parliament and national finances.  This f+nancial crisis has its roots in the general European meltdown.

Click here or on the blog-entry's t+tl link to read an excellent detailed article,

Moody's Lowers Hungary To Lowest Investment Grade Category Baa3 From Baa1; Austria Next

Tyler Durden's picture



  • -- EconoMix

    No comments: