S&P: BOK Financial view stable

Standard & Poor's said it revised the outlook on BOK Financial Corp. (BBB+) to stable from positive.

The stable outlook reflects deterioration in the company's credit performance like that of similarly rated peers, according to the agency.

BOK has seen rapid degradation of one of its largest credit exposures, specifically through an unmargined, though collateralized, mark-to-market loss in its commodity derivative trading book, S&P said.

Collateral procedures within BOK's commodity derivatives trading practice, however, do not indicate a general weakness in the company's risk management, the agency noted.

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