This report supplements our research update "Outlook On Hungary Revised To Stable On Economic Rebalancing; Ratings Affirmed At 'BB/B'," published on March 28, 2014. To provide the most current information, we may cite more recent data than that stated in the previous publication. These differences have been determined not to be sufficiently significant to affect the rating and our main conclusions. The outlook revision reflects the rebalancing of Hungary's open economy, and what we view as steadying economic prospects. The ratings are supported by our assessment of Hungary's comparatively advanced economy, highly skilled labor force, and relatively well-diversified economic and export structures. The Hungarian government's success in maintaining general government borrowing needs within EU limits also supports the rating, as
