Budapest Faces Credit Risk from Tax Policy and Liquidity Problems

Moody's downgraded Budapest's credit rating to Ba1 from Baa3.
Downgrade linked to weak liquidity and dispute with Viktor Orban's government.
Mayor Gergely Karacsony blamed 'irrational tax policy' for the downgrade.
Solidarity tax increased 31% affecting city finances.
Liquidity concerns raise credit risk and debt default worries.

Tax Policy | Credit Rating | Government Dispute

Hungary

Viktor Orban | Gergely Karácsony

2 weeks ago