(Editor's note: This article, originally issued on May 27, 2005, has been republished to amend the short-term foreign currency rating on the sovereign, which was previously misstated in the headline and text. A corrected version follows.) LONDON (Standard&Poor's) May 31, 2005--Standard&Poor's Ratings Services said that it lowered its long- and short-term local currency sovereign credit ratings on the Republic of Hungary to 'A-' and 'A-2', from 'A' and 'A-1', respectively, due to the country's weakened fiscal outlook and poor prospects for medium-term fiscal consolidation. At the same time, the 'A-' long-term and 'A-2' short-term foreign currency ratings on the sovereign were affirmed. The outlook is stable. "The downgrade of the local currency rating reflects the deterioration
