Hungarian OTP Bank And Core Sub OTP Mortgage Bank Ratings Placed On Watch Negative Following Same Action On Sovereign - S&P Global Ratings’ Credit Research

Hungarian OTP Bank And Core Sub OTP Mortgage Bank Ratings Placed On Watch Negative Following Same Action On Sovereign

Hungarian OTP Bank And Core Sub OTP Mortgage Bank Ratings Placed On Watch Negative Following Same Action On Sovereign - S&P Global Ratings’ Credit Research
Hungarian OTP Bank And Core Sub OTP Mortgage Bank Ratings Placed On Watch Negative Following Same Action On Sovereign
Published Nov 15, 2011
Published Nov 15, 2011
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About This Report

  
Abstract:

On Nov. 11, 2011, we placed the 'BBB-/A-3' ratings on the Republic of Hungary on CreditWatch negative, owing to our view of the unpredictable policy framework. AS a result, we are placing our 'BBB-/A-3' ratings on OTP Bank and OTP Mortgage Bank on CreditWatch with negative implications. We expect to resolve the CreditWatch action on Hungary and the two banks this month pending further information from the Hungarian government regarding how it will address the ongoing economic challenges. LONDON (Standard&Poor's) Nov. 15, 2011--Standard&Poor's Ratings Services said today that it placed its 'BBB-/A-3' long- and short-term counterparty credit ratings on OTP Bank PLC (OTP), and its core subsidiary OTP Mortgage Bank, on CreditWatch with negative implications. The

  
Report Type:

Ratings Action

Ticker
OTP@HB
Issuer
OTP Bank PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Hungary
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Hungarian OTP Bank And Core Sub OTP Mortgage Bank Ratings Placed On Watch Negative Following Same Action On Sovereign" Nov 15, 2011. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Hungarian-OTP-Bank-And-Core-Sub-OTP-Mortgage-Bank-Ratings-Placed-On-Watch-Negative-Following-Same-Action-On-Sovereign-913833>
  
APA:
S&P Global Ratings’ Credit Research. (). Hungarian OTP Bank And Core Sub OTP Mortgage Bank Ratings Placed On Watch Negative Following Same Action On Sovereign Nov 15, 2011. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Hungarian-OTP-Bank-And-Core-Sub-OTP-Mortgage-Bank-Ratings-Placed-On-Watch-Negative-Following-Same-Action-On-Sovereign-913833>
  
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