OTP Bank upgraded by S&P - DailyNewsHungary

The company upgraded the bank, which created an interesting situation.

The rating agency believes that OTP Group's capital and liquidity ratios are sufficiently resilient to withstand a potential stress scenario.

This increase is primarily a result of OTP Group's strong capital and liquidity indicators.

OTP Bank upgraded by S&P - DailyNewsHungary

S+P Global Ratings on Monday raised its long- and short-term issuer credit ratings on OTP Bank and OTP Mortgage Bank to ‘BBB/A-2’ from ‘BBB-/A-3’ on higher resilience against potential sovereign stress. S+P revised the outlook on both banks to negative from stable. S+P said OTP Bank’s ratings were raised one notch over Hungary’s sovereign rating in light of the lender’s expansion abroad and reduced exposure to country risk in Hungary. The share …

S&P Global Ratings upgraded the ratings of OTP Bank and OTP Mortgage Bank on Monday, primarily justifying the move with the opinion that the Hungarian bank is resilient to stress situations arising from the sovereign debt environment.

Harsh criticism from Standard & Poor's

Standard & Poor's has given Hungary's credit rating a negative outlook while maintaining the same investment grade.