Ratings: Foreign and Local Currency: BBB-/Positive/A-3 For further details see ratings list. Hungary's economic prospects are steady and its external profile remains strong. The banking system is exiting an extended period of subdued lending growth. We are revising the outlook on Hungary to positive from stable and affirming our 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings. The positive outlook reflects the increasing likelihood that further reductions in the banking sector's nonperforming loans and a sustainable recovery of bank lending could improve Hungary's monetary transmission. On Aug. 25, 2017, S&P Global Ratings revised its outlook on Hungary to positive from stable. At the same time, we affirmed our 'BBB-/A-3' long- and short-term foreign and local currency sovereign
