Ungarn Credit Ratings & Outlooks

Land	Moody's	S&P	Fitch	DBRS	Scope Ratings
Ungarn	Baa2 Negative	BBB- Negative	BBB Negative	BBB Stable	BBB Stable

Rating-Historie

Land	Date of Change	Ratingagentur	Vorheriges Rating	Vorheriger Ausblick	Aktuelles Rating	Current Outlook
Ungarn	Dez. 05, 2025	Fitch	BBB	Negative	BBB	Negative
Ungarn	Dez. 04, 2025	S&P	BBB-	Stable	BBB-	Negative
Ungarn	Juni 06, 2025	DBRS	NR		BBB	Stable
Ungarn	Nov. 30, 2024	Moody's	Baa2	Stable	Baa2	Negative
Ungarn	Feb. 24, 2023	Scope Ratings	BBB+	Negative	BBB	Stable
Ungarn	Jan. 27, 2023	S&P	BBB	Stable	BBB-	Stable
Ungarn	Jan. 20, 2023	Fitch	BBB	Stable	BBB	Negative
Ungarn	Sep. 02, 2022	Scope Ratings	BBB+	Stable	BBB+	Negative
Ungarn	Sep. 24, 2021	Moody's	Baa3	Positive	Baa2	Stable
Ungarn	Sep. 25, 2020	Moody's	Baa3	Stable	Baa3	Positive
Ungarn	Apr. 28, 2020	S&P	BBB	Positive	BBB	Stable
Ungarn	Feb. 14, 2020	S&P	BBB	Stable	BBB	Positive
Ungarn	Okt. 18, 2019	Scope Ratings	BBB	Positive	BBB+	Stable
Ungarn	Feb. 22, 2019	Fitch	BBB-	Positive	BBB	Stable
Ungarn	Feb. 15, 2019	S&P	BBB-	Positive	BBB	Stable
Ungarn	Feb. 23, 2018	Scope Ratings	BBB	Stable	BBB	Positive
Ungarn	Nov. 10, 2017	Fitch	BBB-	Stable	BBB-	Positive
Ungarn	Sep. 01, 2017	Scope Ratings	NR		BBB	Stable
Ungarn	Aug. 25, 2017	S&P	BBB-	Stable	BBB-	Positive
Ungarn	Nov. 04, 2016	Moody's	Ba1	Positive	Baa3	Stable

Table Key

Bewertung	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime (Triple A)	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-Investment Grade Speculative	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative Grade	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risk Grade	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative Grade	Ca	CC	CC	CCC	CC
Extremely Speculative Grade			C	CCC	C
Im Verzug mit wenig Aussicht auf Wiedergewinn		CD	RD	RD
In Verzug		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Nicht bewertet	NR	NR	NR	NR	NR

FAQ

What is Ungarn’s current credit rating?

Ungarn’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Ungarn’s credit risk.

Has Ungarn’s credit rating changed recently?

This page lists the latest rating and outlook actions for Ungarn, showing when each agency last reviewed or changed its assessment.

Why does Ungarn’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Ungarn's bond yields, currency, and equity flows as investors reassess risk.

How does Ungarn’s rating compare to other countries?

You can explore how Ungarn ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk

What is the difference between investment grade and speculative grade?

Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.