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      Instrument data
      Issuer
      MFB Magyar Fejlesztési Bank Zrt.
      Senority
      Unsecured
      Currency
      HUF
      ISIN
      HU0000360771
      Coupon percent
      2.9%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      33,950,000,000
      Maturity date
      22/10/2031
      -
      BBB Outlook: Stable
      BBB Outlook: Stable
      Latest change
      Downgrade
      09/03/2023
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Jakob Suwalski Lead analyst
      Dr. Giacomo Barisone Committee chair
      Scope downgrades MFB Hungarian Development Bank's ratings to BBB; Outlook revised to Stable

      9/3/2023 Rating announcement EN

      Scope downgrades MFB Hungarian Development Bank's ratings to BBB; Outlook revised to Stable

      The downgrade of Hungary’s ratings from BBB+ to BBB and change in the Outlook from Negative to Stable drives the downgrade of MFB’ ratings and Outlook.

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      Scope affirms BBB+ rating on MFB Hungarian Development Bank, revises Outlook to Negative

      16/9/2022 Rating announcement EN

      Scope affirms BBB+ rating on MFB Hungarian Development Bank, revises Outlook to Negative

      The Outlook revision on Hungary’s BBB+ rating from Stable to Negative drives the Outlook change for MFB. The bank’s ratings are aligned with the sovereign given the explicit, irrevocable and statutory guarantee provided on MFB’s financial obligations.

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      Scope affirms BBB+/Stable rating on MFB Hungarian Development Bank Private Limited Company

      22/7/2022 Rating announcement EN

      Scope affirms BBB+/Stable rating on MFB Hungarian Development Bank Private Limited Company

      The rating reflects the explicit, direct and irrevocable statutory funding guarantee from Hungary (BBB+/Stable) of MFB’s financial obligations

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      Scope rates MFB Hungarian Development Bank Private Limited Company at BBB+ with Stable Outlook

      16/7/2021 Rating announcement EN

      Scope rates MFB Hungarian Development Bank Private Limited Company at BBB+ with Stable Outlook

      The rating reflects the guarantees on MFB’s obligations and financial support provided by the Hungarian state (BBB+/Stable), which strengthen the bank’s liquidity and capital position.

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