Research Update: Hungarian Bank MTB Outlook Revised To Stable On Merger Progress; ?BB/B? Ratings Affirmed Under Revised FI Criteria

We have reviewed our ratings on MTB Magyar Takarékszovetkezeti Bank Zrt. (MTB) under our revised "Criteria Financial Institutions General: Financial Institutions Rating Methodology." The transition to the new criteria did not result in any rating action. We affirmed our 'BB/B' long- and short-term issuer credit ratings on MTB and its core subsidiary MTB Mortgage Bank. We revised the outlook on MTB to stable from developing in light of further steps to integrate the bank into the newly established Hungarian Bankholding (HBH) and our view that MTB is a core entity of HBH. On Jan. 27, 2022, S&P Global Ratings affirmed its 'BB/B' long- and short-term issuer credit ratings on MTB. We revised the outlook to stable from developing.

...- We have reviewed our ratings on MTB Magyar TakarTkszovetkezeti Bank Zrt. (MTB) under our revised "Criteria | Financial Institutions | General: Financial Institutions Rating Methodology." The transition to the new criteria did not result in any rating action. - We affirmed our '##/B' long- and short-term issuer credit ratings on MTB and its core subsidiary MTB Mortgage Bank. - We revised the outlook on MTB to stable from developing in light of further steps to integrate the bank into the newly established Hungarian Bankholding (HBH) and our view that MTB is a core entity of HBH....

Research Update