London, 07 November 2016 -- Moody's Investors Service has today taken rating actions on four Hungarian banks, prompted by the upgrade of the Hungarian government's debt rating to Baa3 with a stable outlook from Ba1 (previously positive), and raising of Hungary's country ceiling for long-term foreign-currency deposits to Baa3 from Ba2. For further information on the sovereign rating action, please refer to Moody's press release dated 4 November 2016.

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