Fitch revises BOKF to stable

Fitch Ratings affirmed the long- and short-term issuer default ratings of BOK Financial Corp. and its operating subsidiary, BOKF, NA, at A and F1, respectively.

The rating outlook has been revised to stable from negative.

The rating outlook revision reflects Fitch's view that BOKF's performance through the course of 2020 and its expected performance going forward are in line with the company's rating. Moreover, it reflects Fitch's assessment of BOKF's diverse business model and strong franchise in its operating footprint.

The rating outlook revision also reflects increased confidence in a U.S. recovery, reducing the likelihood of the downside scenario contemplated at the time of Fitch's negative outlook revision in May 2020. While Fitch expects that asset quality could come under pressure in 2021 and into 2022, it does not expect credit deterioration to meaningfully impact earnings and/or capital.

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