BUDAPEST: Fitch Ratings yesterday affirmed the Long-term Issuer Default Ratings (IDRs) of the Hungarian Export Import Bank (Eximbank) and the Hungarian Development Bank (MFB) at “BB+” and of Kereskedelmi és Hitelbank Zrt. (K&H) at “BBB-”, revising the outlook for the state-owned bank from stable to positive.
Both Hungarian state-owned Eximbankʼs and MFBʼs IDRs are equalized with those of the Hungarian sovereign, reflecting Fitchʼs view of a moderate probability of state support for either bank, if required, the ratings agency said.
