Hungary has been dealt a third ratings blow after Fitch downgraded the country to junk status, citing the deteriorating fiscal and external financing positions as well as weak growth. The downgrade follows similar moves by Moody's and Standard and Poors. In a statement on the downgrade, Fitch said the weaker outlook was in part caused by the unorthodox policies of President Viktor Orban's government, which have spooked international investors and jeopardised a potential funding deal with the IMF and the EU.