BUDAPEST, Dec 30 (Reuters) - Ratings agency Moody's has downgraded Budapest's credit rating to Ba1 from Baa3 and placed it on review for a further reduction, citing its weak liquidity and a financial dispute with Viktor Orban's national government.
The downgrade comes at a delicate time for Budapest, which is run by the liberal mayor Gergely Karacsony, as nationalist Prime Minister Orban will likely face parliamentary elections in April. The centre-right opposition Tisza party is leading most polls.
