Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OTP Bank plc > News item |
S&P revises Hungarian banks
Standard & Poor's said it took various negative rating actions on four Hungarian banks, following a downgrade of the Republic of Hungary.
The agency said it lowered the long- and short-term counterparty credit ratings on OTP Bank plc and its core subsidiary OTP Mortgage Bank to BB+/B from BBB-/A-3 and removed them from CreditWatch, where they were placed on Nov. 15. The outlooks on both banks are negative.
The agency said it lowered the long-term unsolicited public information rating on K&H Bank to BBpi from BBB-pi.
S&P said it affirmed the BB/B long- and short-term counterparty credit ratings on Magyar Takarekszovetkezeti Bank ZRt and revised the outlook to negative.
The ratings on the other Hungarian banks that S&P rates, Central-European International Bank Ltd. and MKB Bank ZRT, are unaffected by the rating actions, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.