OTP Bank - Ratings Upgraded; Stable Outlook Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of OTP Bank (OTP) to 'BBB' and 'A2', respectively, from 'BBB-' and 'A3'. At the same time, CI Ratings has assigned to OTP a Bank Standalone Rating (BSR) of 'bbb' and a Core Financial Strength (CFS) rating of 'bbb+'. The Outlook for the LT FCR and BSR is Stable, indicating that the ratings are unlikely to change in the next 12 months.

Attachments

• Rating Announcement (CRA)
  PDF Download Available
  
• Bank Rating Report (Hungary, OTP Bank )
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