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Moodyʼs places OTP ratings under review for upgrade

Ratings

Moodyʼs Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade due to methodological changes, OTP Bank said yesterday, citing a release from the ratings agency. 

At the same time, Moodyʼs withdrew the Bank Financial Strength Ratings, OTP said. Moodyʼs said on Tuesday that the rating actions related to its new bank rating methodology affected 1,021 out of 1,934 rated banking entities.

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