Austrian Oberoesterreichische Landesbank Outlook Revised To Positive; 'A/A-1' Ratings Affirmed

We expect Upper Austria to remain highly supportive of Oberoesterreichische Landesbank (HYPO OÖ). We expect that the bank's capitalization can improve on stronger earnings retention in the next two years, if HYPO OÖ reassumes growth and can sustain its net interest margins We are therefore revising our outlook on HYPO OÖ to positive from stable and affirming our 'A/A-1' long- and short-term counterparty credit ratings. FRANKFURT (S&P Global Ratings) June 16, 2016--S&P Global Ratings said today that it had revised its outlook on Austria-based Oberoesterreichische Landesbank AG (HYPO OÖ) to positive from stable. At the same time, we affirmed the 'A/A-1' long- and short-term counterparty credit ratings. We also affirmed our 'A' issue rating on HYPO OÖ's senior unsecured debt

...+ We expect Upper Austria to remain highly supportive of Oberoesterreichische Landesbank (HYPO O+). + We expect that the bank's capitalization can improve on stronger earnings retention in the next two years, if HYPO O+ reassumes growth and can sustain its net interest margins + We are therefore revising our outlook on HYPO O+ to positive from stable and affirming our 'A/A-1' long- and short-term counterparty credit ratings. FRANKFURT (S&P Global Ratings) June 16, 2016--S&P Global Ratings said today that it had revised its outlook on Austria-based Oberoesterreichische Landesbank AG (HYPO O+) to positive from stable. At the same time, we affirmed the 'A/A-1' long- and short-term counterparty credit ratings. We also affirmed our 'A' issue rating on HYPO O+'s senior unsecured debt and our '##+' issue rating on the nondeferrable senior subordinated debt. We revised our outlook to positive from stable because we expect that the bank's capitalization can improve on stronger earnings retention...

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