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Hungary's Prime Minister sees rating downgrades after IMF standoff

BUDAPEST, July 28 - Hungary's prime minister said on Wednesday that one or two downgrades of the country's credit rating were likely after it broke ties with the IMF, but he said its finances were stable and the government should focus on growth.
Local analysts unsurprised by stress tests

Local analysts were unfazed by the results of the European Union bank stress tests, saying they were unsurprising and shed little new information on the state of the banking scene in Europe.
Seven European banks fail stress test

Five Spanish savings banks fail today's EU stress tests Germany's Hypo Real Estate and Greece's ATEbank also fall foul of extreme scenarios 6.44pm: There's a good comment piece from Dow Jones over on the Wall Street Journal , arguing that the seven failed banks were a pretty ropey bunch. As they point out, ATEBank of Greece has the lowest capital ratios of any of the Greek banks being tested ...

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Corvinestate The Hungarian Real Estate Source
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