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Prospect News home > News index > List of issuers H > Headlines for Hungarian State Railways Co. Ltd. > News item
Published on 10/17/2008 in the Prospect News Emerging Markets Daily.

S&P may cut Hungarian State Railways

Standard & Poor's said it placed the BBB- long-term and A-3 short-term issuer credit ratings on Hungarian State Railways Co. Ltd. on CreditWatch with negative implications.

This follows the watch on the Republic of Hungary (BBB+/Watch negative/A-2) on Oct. 15, which in turn reflects concerns over mounting financial-sector funding pressures and their potential to raise general government debt materially, according to the agency.


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