穆迪评级将布达佩斯信用评级下调至 “垃圾级”

Core Viewpoint - Moody's has downgraded the credit rating of Budapest to junk status, indicating increased short-term credit risk and liquidity pressure related to ongoing institutional disputes with the central government [2][4]. Group 1: Rating Changes - Moody's has lowered Budapest's baseline credit assessment from Baa3 to Ba1, and the long-term issuer credit rating (both foreign and local currency) has also been downgraded from Baa3 to Ba1 [5]. - The downgrade to Ba1 signifies that Budapest has exited the investment-grade category, which suggests a rise in short-term credit risk and potentially higher borrowing costs [5]. Group 2: Comparison with Other European Capitals - In contrast, other European capitals maintain stable investment-grade ratings: Paris has a long-term issuer credit rating of A+/A-1, while Berlin's local government has received AAA ratings from Fitch and Scope, as well as an Aa1 rating from Moody's [5]. - Budapest's Ba1 rating places it below most major Western European cities, indicating that Moody's perceives higher uncertainty for Budapest compared to the more stable and predictable credit conditions of Paris and Berlin [5].