29th Sep 2021 10:00
RNS Number : 3736N
MFB Magyar Fejlesztési Bank
29 September 2021
Announcement
on change of ratings
As of 28 September 2021 Moody's Investors Service changed the ratings of MFB Hungarian Development Bank Private Limited Company (MFB Zrt.) as follows:
· Long-term backed foreign currency senior unsecured debt rating: upgraded to "Baa2" with a stable outlook from "Baa3" (previously positive outlook);
· Long-term backed foreign currency deposit rating: upgraded to "Baa2" with a stable outlook from "Baa3" (previously positive outlook);
· Short-term backed foreign-currency deposit rating: upgraded to "P-2" from "P-3".
The rating action followed the upgrade of the Hungary's government bond rating to Baa2 from Baa3 with the outlook changed to stable from previously positive.
Budapest, 29 September 2021
MFB Hungarian Development Bank Private Limited Company
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