LONDON (Standard&Poor's CreditWire) Feb. 2, 2000--Standard&Poor's today raised its long-term foreign currency issuer credit and senior unsecured rating on the Republic of Hungary to triple-'B'-plus from triple-'B' and its short-term foreign currency issuer rating to 'A-2' from 'A-3'. At the same time, Standard&Poor's affirmed its single-'A' long-term local currency issuer and senior unsecured ratings and its 'A-1' short-term local currency issuer and commercial paper rating on Hungary. The outlook on the long-term foreign currency rating remains positive, while the outlook on the long-term local currency rating is revised to positive from stable. Hungary's upgrade and positive outlooks reflect: -- The country's success in creating a highly competitive, dynamic, and increasingly sophisticated export sector, underpinned
