Moody’s changes outlook on OTP Bank Ukraine to negative from stable
Moody’s Investors Service on Friday said it changed the outlook to negative from stable on the B3 long-term foreign currency deposit rating of OTP Bank Ukraine, a unit of Hungary’s OTP Bank.
Moody’s took the same ratings action for twelve other Ukrainian banks too.
Moody’s rating actions were triggered by the change of outlook to negative from stable on Ukraine’s foreign currency bank deposit ceiling of B3 and the country’s foreign currency bond ceiling of B1.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.