Moody's downgrades Budapest credit rating amid liquidity concerns

BUDAPEST, Dec. 30 (Xinhua) -- Moody's Ratings late Monday downgraded the City of Budapest's long-term issuer ratings to Ba1 from Baa3 and placed them on review for further downgrade, citing weakened liquidity, uncertainty over government transfers, and ongoing disputes with the central government.

Moody's said the downgrade followed the disclosure of Budapest's liquidity position, which raised concerns about the