Moody’s revised the current ratings of OTP banka

In compliance with the Ljubljana Stock Exchange Rules and the applicable legislation, OTP banka d.d., Maribor, hereby makes the following announcement:

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Moody’s revised the current ratings of OTP banka

26 April 2012
OBVESTILA
In compliance with the Ljubljana Stock Exchange Rules and the applicable legislation, OTP banka d.d., Maribor, hereby makes the following announcement:
 

On 25 April 2012, Moody's Investors Service downgraded the ratings of OTP banka from Ba1/Non-Prime/D- to Ba2/Non-Prime/E+. OTP banka was assigned a long-term and a short-term bank deposit rating of Ba2 and Non-Prime, respectively. The Bank’s financial strength rating was affirmed at E+. The outlook is negative.


Moody's Investors Service has downgraded OTP banka rating due to sharp asset-quality deterioration in the banks’ loan portfolios and high provisioning needs that have eroded the capital buffers and loss-absorption capacity.

 
 
 
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