Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OTP Jelzalogbank Zrt > News item |
Moody's acts on OTP Bank NyRt
Moody's Investors Service said it placed on review several ratings of OTP Bank NyRt and its mortgage bank subsidiary OTP Jelzalogbank Zrt (OTP MB)
These rating actions were driven by revisions to Moody's advanced loss given failure framework, which is applied to banks operating in jurisdictions with operational resolution regimes, following the publication of Moody's updated banks methodology on Friday, the agency said.
Moody’s placed on review for downgrade OTP MB's Baa2 backed issuer rating and OTP Bank's Ba1 subordinated bond rating. The agency also placed on review for upgrade OTP Bank's Ba3(hyb) junior subordinated debt.
© 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.