Level uaААА, stable prognoses – credit rating of OTP BANK has been renewed
Rating agency Credit Rating has renewed long-term credit rating for OTP BANK JSC since June 25, 2024. It has stated on the highest uaААА level, the prognoses has been upgraded to "stable".
The previous update of the Credit Rating took place on November 14, 2023, when the level was also determined as uaAAA and the prognoses was "in development", which indicated an increased probability of a change in the rating during the year.
In addition, OTP BANK has been excluded from control list of Credit Rating. This means, that agency now doesn’t consider to change credit rating of the Bank and doesn’t forecast drastically changes of its creditworthiness.
According to the definition of the National Rating Scale provided on the government portal of Ukraine, the uaAAA rating means that the borrower or individual debt instrument is characterized by the highest creditworthiness compared to other Ukrainian borrowers or instruments.
Share these news with friends!
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.
Additional information
