"Very strong" link to and "important role" for the State of Upper Austria, which owns 51% of the bank. Benefits from a strategic partnership with 39% stakeholder Raiffeisenlandesbank Oberösterreich. Predominantly highly collateralized and granular loan portfolio. Comparatively low operating profitability. Reliance of business activity on low-margin public-sector and mortgage lending. Lower quality of parts of the financial investment portfolio. Standard&Poor's Ratings Services' outlook on Oberoesterreichische Landesbank AG (HYPO OÖ) is stable. This reflects our view that the bank's ownership structure and the State of Upper Austria's strong commitment to the bank are unlikely to change in the foreseeable future. We see a continually "high" likelihood of extraordinary government support for the bank from its 51% owner, the State
