Ratings agency Moody's put Hungary on review for a possible downgrade on Friday, citing increased fiscal risks after it suspended talks with the IMF and EU on its existing $25 billion aid deal.
The new government halted the talks last weekend. Prime Minister Viktor Orban said on Thursday he would likely not renew the safety net and would row back on a commitment to cut the budget deficit to European Union-prescribed levels next year.
Source: finance.yahoo.com
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