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Fitch Ratings has affirmed Eximbank’s long- and short-term issuer default rating (IDR) at ‘BBB/F-2’ with a negative outlook on June 19. The rating is in line with Hungary’s sovereign rating. The credit institution plays a strategic role in Hungary’s export financing and provides counter-cyclical support to domestic companies. Eximbank’s senior unsecured bond also has a ‘BBB’ rating. The capital adequacy ratio of 18.8% continues to provide a substantial buffer above the regulatory minimum requirement, Fitch said. According to its annual report, the state-owned lender reported HUF18.5bn (€47mn) …

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