Moody's ups BOK to stable

Moody's Investors Service said it affirmed BOK Financial Corp.'s A2 issuer, along with its subsidiary BOKF, NA's A1 long-term deposits rating and prime-1 short-term rating.

The outlook was revised to stable from negative.

The outlook change is based upon improvement in BOK's asset quality, which in turns underpins BOK's strong capital position, Moody's said.

Even if there were to be a contraction in the economy and resulting deterioration in BOK's loan portfolio, the company's high capital ratios give it good financial flexibility to deal with such a downturn, the agency said.

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