Ratings: Foreign and Local Currency: BBB-/Positive/A-3 For further details see ratings list. Hungary is entering another year of strong, cyclical economic recovery, with real GDP growth projected at 3.5% in 2018. Its current account has started to erode, but the external profile remains strong, and while bank lending remains slow, we see structural improvements in the banking system. We are affirming our 'BBB-/A-3' sovereign credit ratings on Hungary. The outlook remains positive. On Feb. 16, 2018, S&P Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Hungary. The outlook remains positive. We have withdrawn our 'BBB-' ratings on the National Bank of Hungary (Magyar Nemzeti Bank; MNB or central bank) at the bank's
