ERA affirms BBB rating to Hungary, outlook Stable
Friday, 24 May 2019

The unsolicited credit rating assigned to Hungary stems from a strong economy, sound private sector finances, and above average governance indicators. The rating is restricted by high government debt load, high structural deficits, and weak external sector indicators.

ERA affirms AA+ rating to Austria, outlook Stable
Friday, 26 April 2019

Affirmation of the unsolicited credit rating AA+ assigned to Austria stems from improved public finances, very strong governance indicators, and low imbalances in the private and external sectors. The rating is restricted by a high government debt load.

ERA affirms BB+ rating to Azerbaijan, outlook Stable
Friday, 12 April 2019

Affirmation of the unsolicited credit rating BB+ assigned to Azerbaijan stems from the ongoing process of economic stabilization based on reduced inflation, improvements in real growth, and relatively stable oil prices. The assessment is also supported by the presence of a sovereign fund with assets worth more than 80% of GDP. The assessment is constrained by the economy's high dependency on the oil sector, vulnerabilities in the banking system, and weak governance factors.