S&P says euro adoption steps could boost Hungary rating
S&P says Hungary's credit rating may rise if it pursues euro membership. Prime Minister Peter Magyar has pledged to adopt the currency after his election win.
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S&P Global Ratings said steps toward euro adoption will likely improve the credit quality of Hungary. Incoming Prime Minister Peter Magyar, who won a landslide victory on April 12, pledged to set a target date for joining the single currency. The move could lift the sovereign rating by up to two notches, matching historical upgrades seen in the Baltic states and Croatia.
