Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OTP Bank (Russia) > News item |
Fitch revises OTP Bank view to negative
Fitch Ratings said it revised OTP Bank's outlook to negative from stable. At the same time, Fitch affirmed OTP's long-term issuer default ratings at BB+.
“The revision of the outlook on OTP's IDRs to negative from stable reflects our view that the coronavirus outbreak will result in negative pressure on the ability of its parent, Hungary-based OTP Bank Plc, to provide support to its Russian subsidiary,” said Fitch in a press release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.