HUNGARY: Moody's And S&P May Downgrade Credit Rating To "Junk" After PM Rejects IMF.

REUTERS/      Moody's may downgrade Hungary's Baa1 credit rating because of increased uncertainty over its fiscal outlook and economic prospects while S&P has revised its outlook to negative from stable, while affirming its BBB-/A-3 rating, which is already lower than Moody's. PM Viktor Orban just announced that his new government no longer needs help from the IMF and that he won't seek to extend an emergency financing agreement of nearly $20 billion euros it signed in 2008.
(Web foto of V.Orban)