OTP Bank’s Ratings Affirmed with a Stable Outlook

Ref: HU00719 CRA00- 0 1 30 September 2020

OTP Bank’s Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of OTP Bank (OTP) at ‘BBB’ and ‘A2’, respectively. At the same time, CI Ratings has affirmed the Bank’s BSR of ‘bbb’ . The Outlook on LT FCR and BSR remains Stable.

OTP’s BSR is derived from a CFS rating of ‘bbb+’ (affirmed) , reflecting its strong intrinsic financial, operational and business strength, and an Operating Environment Risk Anchor ( OPERA) of ‘bbb-’ indicating modest risk. Despite OTP’s sizeable exposures outside Hungary we did not adjust the home OPERA assessment due to the broad diversification by geography in Central Eastern Europe (CEE) and the fact that the largest portion of assets – and more…