Moody's downgrades the credit rating of Budapest, Hungary, to Ba1 and places it on review for a further cut, citing weak liquidity, uncertainty over state transfers, rising solidarity tax obligations, and the partial suspension of European Union funds to Hungary.
Moody's downgrades the credit rating of thecityofBudapest, Hungary, to Ba1 and places it on review for a further cut, citing weak liquidity, uncertainty over state transfers, rising solidarity tax obligations, and the partial suspension of European Union funds to Hungary.