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Moody's downgrades the credit rating of the city of Budapest, Hungary, to Ba1 and places it on review for a

Economy of Hungary — Moody's downgrades the credit rating of the city of Budapest, Hungary, to Ba1 and places it on review for a further cut, citing weak liquidity, uncertainty over state transfers, ri

Published December 30, 2025· Updated October 28, 2026·1 min read

Context: Economy of Hungary.

Moody's downgrades the credit rating of the city of Budapest, Hungary, to Ba1 and places it on review for a further cut, citing weak liquidity, uncertainty over state transfers, rising solidarity tax obligations, and the partial suspension of European Union funds to Hungary. [https://www.reuters.com/world/moodys-cuts-budapests-rating-junk-due-row-with-national-government-2025-12-30/ (Reuters)]

Event summary via Wikipedia Current Events (2025-12-30).