The Hungarian Government cannot comprehend why Moody's Investors Services does not take into account what Hungary has achieved lately.

It is obvious for all that in the past two years Hungary has managed to turn from a country on the brink of sovereign default into a stable and balanced one with indicators which have improved since the last announcement: the fiscal deficit is persistently below 3 percent, general government debt has been declining, the country's external financing capacity is the highest in the region and the country can be steadily and safely financed from markets. The current account has a significant surplus, employment figures have been constantly improving since 2010. Investors tend to increasingly rely on their own analyses and forecasts and they do trust and believe in Hungary. This is aptly reflected by successful government securities auctions and decreasing country risk.

(Ministry for National Economy)