Ratings
Rating Agency Long Term FC Outlook Last rating action publish date
Moody's Baa2 Negative 02/02/2026
Fitch BBB Negative 12/12/2025
Standard & Poor's BBB- Negative 06/25/2025
Overview of all MVM bonds
Latest rating reports
Date Title
02/02/2026

Moody’s Ratings reaffirmed MVM’s investment grade credit rating

12/12/2025

Fitch Ratings affirmed MVM’s investment grade credit rating at BBB while changing outlook
06/25/2025

S&P Global Ratings affirmed MVM’s investment grade credit rating at BBB- with unchanged negative outlook

02/04/2025

Moody’s assigns first time Baa2 rating to MVM, outlook negative
06/06/2024

Fitch Fitch Affirms MVM at 'BBB'; Outlook Negative
06/03/2024 S&P Rating Report on MVM 

04/03/2024

Fitch Rates MVM's Planned Bonds 'BBB'

06/30/2023 Fitch Rating Report on MVM Zrt.
06/16/2023 Fitch Affirms MVM at 'BBB'; Outlook Negative
05/30/2023 Fitch Rates MVM's Planned Bonds 'BBB'
05/04/2023 S&P Rating Report on MVM Zrt.
11/23/2022 Fitch Rating Report on MVM Zrt.
07/14/2022 S&P Rating Report on MVM Zrt.
11/15/2021 Fitch Rates MVM's EUR500m Eurobonds at 'BBB'
11/04/2021 Hungarian Integrated Utility MVM's Proposed Benchmark Unsecured Notes Rated 'BBB-'
11/04/2021 Fitch Rates MVM's Planned Eurobondsat 'BBB(EXP)'
08/27/2021 Fitch Rates Hungary's MVM's Domestic Senior Unsecured Bonds at 'BBB'
08/23/2021 Fitch rating report on MVM Zrt.
06/22/2021 Hungarian Public Integrated Utility MVM Group
Assigned 'BBB-' Rating; Outlook Stable (S&P)

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