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Budapest's credit rating downgraded to junk, citing debt and fiscal concerns.
Moody's has downgraded Budapest's credit rating to junk status, marking the first time the Hungarian capital has fallen below investment grade.
The move reflects concerns over the city's rising debt, fiscal pressures, and long-term economic challenges.
The downgrade could increase borrowing costs for the city and raise questions about its financial sustainability.
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La calificación crediticia de Budapest fue rebajada a basura, citando la deuda y las preocupaciones fiscales.