Czech Finance Minister Andrej Babis says he wants to manage public finances in the same way he ran his $12 billion business. Bondholders approve, awarding the three-month-old government with the lowest yields since May.
Hungary’s fiscal plan unveiled this week supports rating the country’s debt at the lowest investment grade and remaining risks justify keeping the outlook negative, Moody’s analyst Dietmar Hornung said, according to Reuters.
Irish Prime Minister Enda Kenny has said he wants to wave goodbye next year to the international creditors who bailed out his country. That ambition rests in part with a credit analyst poring over figures 675 miles away.
Russia’s prospects for a higher debt grade after entering the World Trade Organization may not materialize because of the country’s investment climate and institutional weaknesses, rating companies said.
Russia’s low debt and deficit levels are insufficient to win the country its first credit- rating upgrade in almost five years because of corruption and weak rule of law, Moody’s Investors Service said.
Dietmar Hornung, a senior credit officer at Moody’s Investors Service in Frankfurt, comments on the agency’s decision to downgrade Ireland’s sovereign debt to Ba1, below investment grade, from Baa3 with a negative outlook. He spoke in a telephone interview.