Moody's downgrades OTP Bank Ukraine to Ba2, rating remains on review for downgrade

Moody's Investors Service has today downgraded the Ba1 long-term local deposit rating of OTP Bank (Ukraine) (OTBU) to Ba2 and simultaneously placed it on review for downgrade, reads a report of the agency issued on Tuesday.

According to the report, the D- Bank Financial Strength Rating, the B3 long-term foreign currency deposit rating, and the Not-Prime short-term local and foreign currency deposit ratings remained unchanged and with a stable outlook, while the Aa1.ua National Scale deposit Rating, although remaining unchanged, carries no specific outlook.