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J.P. Morgan Downgrades Hungary Bond Rating Over Fiscal Deficit Concerns

The U.S.-based investment bank cut its outlook for Hungarian bonds, citing expectations of an expanding budget deficit.

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Terms & Concepts
  • Fiscal Deficit: When a government's total expenditures exceed its total revenue, excluding borrowing.
  • Bond Investment Rating: An evaluation of the credit risk associated with a country's or company's debt securities.