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or Hungary has joined Portugal in the credit junkyard after Moody's downgraded its foreign and local currency bonds to Ba1 from Baa3, ending 15 years of investment status. The ratings agency cited risks to budget deficit and public debt targets. It ends a week which saw the country reluctantly go to the IMF for help after the florint hit a record low and bond yields soared. That however is being seen in some quarters as a ploy to keep Moody's onside. It did not work.