S&P rates OTP Bank BBB+/A-2

Standard & Poor's said it assigned BBB+ long-term and A-2 short-term counterparty credit ratings to OTPBank Rt. and OTP Mortgage Bank.

The outlook is negative.

Ratings reflect a dominant domestic market position, strong and soundly managed business and earnings diversification and strong profitability, the agency said.

These factors are partly offset by the potentially volatile and risky operating environment in its countries, credit risks from rapid loan growth and significant domestic foreign currency lending, and the bank's moderate capitalization, S&P noted.

© 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.