S&P Upgrades OTP

S&P Upgrades OTP

S&P Global has upgraded the ratings of OTP Bank to BBB/A-2 on higher resilience against potential sovereign stress - stated the credit rating agency in its announcement on 14 April 2025. The S&P Global justified the upgrade primarily by stating that OTP Group's capital and liquidity indicators are resilient enough to withstand a potential stress scenario. Following this upgrade the bank's rating was upgraded to a better category, than the sovereign credit rating of the Hungarian state.

15 April 2025, Budapest, Hungary – The ratings were raised by one notch from BBB minus/A-3 to BBB/A-2. In its rationale for upgrading the OTP Banks' ratings, S&P highlighted that OTP has reduced its exposure to Hungarian country risk through foreign acquisitions in recent years. The banking group successfully acquired and integrated several EU and non-EU banks.

The rating agency considers OTP Group’s capital and liquidity indicators are resilient enough to endure a potential stress scenario, even in the unlikely event of a Hungarian default. Therefore, S&P rates OTP above the Hungarian sovereign.

"The upgrade by Standard and Poor's, the international credit rating agency, reflects OTP Group's commitment to sustainable growth and financial stability. Our banking group, which is present in 11 countries, continues to work on providing safe and convenient financial services to customers while contributing to the economic development of the CEE region" said Péter Csányi, Deputy CEO of OTP Bank, regarding the upgrade.

Read more about S&P Global rating.