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Wednesday 23 May 2012
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Moody's Downgrades Two Foreign Units Of Hungary's OTP Bank
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"Two foreign subsidiaries of Hungary's OTP Bank have been downgraded by Moody's. The ratings agency downgraded the long-term local currency deposit rating of DSK in Bulgaria to Baa2 from Baa1 and placed it on review for further downgrade. OTP Bank Slovakia's deposit ratings were downgraded to Baa3/Prime-3 from Baa1/Prime-2 following the downgrade of its parent (Baa1/P-2/D+) on 19 May, and placed on review for further possible downgrade together with its D- bank financial strength rating (BFSR)."


More from the source: Portfolio Online Financial Journal


27.05.2009
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