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Published on 1/13/2012 in the Prospect News Emerging Markets Daily.

Fitch affirms OTP Bank

Fitch Ratings said it has affirmed OJSC OTP Bank's long-term issuer default ratings at BB and national rating at AA-(rus).

The agency said it has revised the outlooks to negative from stable.

OTP's long- and short-term issuer default ratings and support rating are driven by potential support from Hungarian OTP Bank plc (support rating 3), Fitch added.


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