Hungary's debt downgraded by Moody's to junk status

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http://www.bbc.co.uk/news/business-15886364

Moody's has cut its rating of Hungarian government debt to junk status.

The ratings agency blamed Hungary's high levels of debt and weak prospects for growth, as well as uncertainty about whether the government can achieve its goals for the economy.

The government said the move by Moody's was part of a series of financial attacks against the country.

Earlier, Standard & Poor's decided not to downgrade Hungary until talks with the EU and IMF had been completed.

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1. Russia sure knew what they were doing when they got rid of their dead weight didn't they?

They figured why in the hell are we bankrolling these eastern European countries when we can get some other stupids to do it.

Got to hand it to them for thinking ahead.

Don