Hungary pension changes were 'negative,' - Moody's

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HUNGARY - Hungary's decision to bring the majority of private-pension savings under state control was "credit negative" and a key factor behind downgrading the country's debt rating, Moody's Investor Service said.

"The Hungarian measures will effectively dismantle its private pension system in the course of this year," Moody's analyst Dietmar Hornung said in a statement from London today. "The changes in ...

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