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Published on 6/4/2009 in the Prospect News Emerging Markets Daily.

Fitch affirms OTP Bank

Fitch Ratings said it affirmed OTP Bank plc's support rating at 2.

OTP's rating reflects Fitch's view on its systemic importance to the domestic banking system and the high probability of support from the Republic of Hungary (BBB/negative), according to the agency.

The rating also considers the probability of support from its 89.61% shareholder Bayerische Landesbank (A+/stable), the agency noted.


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