...November 24, 2020 - On Nov. 20, 2020, S&P Global Ratings revised the outlook on the State of Upper Austria to negative from stable and affirmed the '##+/A-1+' ratings. - We continue to regard Oberoesterreichische Landesbank AG (Hypo O+) as a government-related entity (GRE) with a high likelihood of receiving timely and sufficient extraordinary government support from its majority owner Upper Austria, and factor this into our view of the bank's creditworthiness. - We are therefore affirming our 'A+/A-1' ratings on Hypo O+. - The negative outlook reflects the negative outlook on Upper Austria, and our view that the bank's profitability and asset quality will be strained by the economic and credit distress stemming from the COVID-19 pandemic. FRANKFURT (S&P Global Ratings) Nov. 24, 2020--S&P Global Ratings today affirmed its 'A+/A-1' issuer credit ratings on Oberoesterreichische Landesbank AG (Hypo O+). The outlook is negative. We also affirmed our '###-' issue ratings on Hypo O+'s subordinated...
