Credit rating of OTP Bank has been confirmed at the highest level of uaAAA
The Credit Rating rating agency updated the long-term credit rating of OTP Bank from November 14 of this year. According to the agency's decision, the result of the update was confirmation of the bank's rating at the highest level - uaAAA and a change in the forecast to "under development".
To carry out the credit rating update procedure, the agency used the financial statements of OTP Bank JSC for 2021-2022 and the I-III quarters of 2023, as well as internal information provided by the bank during the rating process.
A borrower or individual debt instrument with a uaAAA rating is characterized by the highest creditworthiness compared to other Ukrainian borrowers or instruments.
The forecast "in development" indicates an increased probability of a change in the rating during the year.
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Public Joint Stock Company OTP Bank is a subsidiary of OTP Bank, which is the largest independent Central-Eastern-European banking group. JSC OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard.
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