Fitch Revises Outlooks on 4 Hungarian Banks to Negative
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Fitch Ratings on Thursday said it revised the outlooks of four Hungarian banks to negative from stable, following a revision of the outlook on Hungary's sovereign rating, according to a report by state news wire MTI.
Fitch revised the outlooks on Magyar Eximbank, the Hungarian Development Bank (MFB), Erste Bank Hungary, and K&H Bank to negative.
The agency affirmed the BBB long-term issuer default ratings of state-owned Magyar Eximbank and MFB and the BBB+ ratings of Austrian-owned Erste and KBC unit K&H.
Fitch revised the outlook on Hungary's BBB rating to negative on Friday.
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