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Fitch revises up outlook on Hungarian banks

Fitch Ratings has revised up its outlook on some Hungarian and Hungarian-owned banks following a revision of the outlook for Hungary's sovereign issuer rating to stable from negative on Monday.

Fitch revised the outlook on CIB Bank, owned by Italy's Intesa Sanpaolo, to stable from negative. It affirmed the bank's long-term issuer default rating at 'A-'.

Fitch revised the outlook on K&H Bank, a unit of Belgium's KBC, to stable from negative and affirmed the bank's long-term issuer default rating at 'A-'.

Fitch affirmed the support rating of OTP Bank at '3' and revised the outlook for the 'BB' long-term issuer default rating of the bank's Russian unit OJSC OTP Bank to stable from negative.