August 25, 2017 / 9:07 PM / 3 months ago

BRIEF-S&P maintains Hungary’s sovereign credit rating at BBB-

Aug 25 (Reuters) -

* S&P maintains Hungary’s sovereign credit rating at BBB-; raises outlook to positive from stable

* S&P says outlook on Hungary revised to positive on financial sector improvements; ‘BBB-/A-3’ ratings affirmed

* S&P says Hungary’s economic prospects are steady and its external profile remains strong

* S&P on Hungary-higher global energy prices,strong domestic demand will likely reduce current account surpluses to below 2% of GDP in 2020,in our view

* S&P - outlook revision reflects expectation that Hungary’s improving economic & external metrics might support ongoing improvements in financial sector

* S&P on Hungary says forecast that general government debt, net of liquid assets, will reduce gradually to about 66% of GDP in 2020 from 70.4% in 2016

* S&P says also revised outlook on the national bank of Hungary to positive from stable and affirmed 'BBB-' long-term issuer credit rating Source text: (bit.ly/2wvxYVo)

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