Fitch lifts BOK Financial

Fitch Ratings said it upgraded the long-term issuer default ratings of BOK Financial Corp. and its lead bank subsidiary, BOKF, NA to A from A-.

The outlook is stable.

The upgrade reflects BOK's strong, diverse earnings profile, as well as its robust liquidity profile and well-capitalized balance sheet, Fitch said.

The ratings also consider BOK's strong fundamentals and prudent culture as a byproduct of its ownership and governance structures, the agency said.

Earnings have shown excellent stability through the years, owing to a large, low-cost deposit base and a diverse revenue stream, Fitch said.

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