Moody's cuts Hungary rating to noninvestment grade


BUDAPEST, Nov 25 (Reuters) Ratings agency Moody's cut Hungary's government bond rating by one notch to Ba1, below investmentgrade with a negative outlook hours after rival Standard & Poor's held fire on a flagged downgrade on news of planned talks on international aid.

Hungary returned to the International Monetary Fund and the European Union last week after the forint currency fell to record lows against the euro in the wake of a warning by S&P that Hungary could lose its investmentgrade credit score.

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