A predominantly highly collateralized and granular public-sector-related loan portfolio. Important role for and very strong link with the State of Upper Austria, which owns 51% of the bank. Benefits from a strategic partnership with 39% stakeholder Raiffeisenlandesbank Oberösterreich. Comparatively low operating profitability. Reliance of business activity on low-margin public-sector and mortgage lending. Standard&Poor's Ratings Services' stable outlook on Austria-based Oberoesterreichische Landesbank AG (HYPO OÖ) reflects our expectation that Upper Austria will remain highly supportive of HYPO OÖ and that the bank will preserve its strong capitalization over the next two years. Our outlook reflects our base-case expectation that Hypo OÖ will not suffer further credit losses from its guarantees to Pfandbriefbank, as a result of the latter's exposure
