Moody's has new ratings for Hungarian banks

Moody's Counterparty Risk Ratings (CRR) are opinions of the ability of entities to honour the uncollateralized portion of non-debt counterparty financial liabilities (CRR liabilities) and also reflect the expected financial losses in the event such liabilities are not honoured.

Affected ratings:

Budapest Bank Rt.

• Long-term Counterparty Risk Rating (Local and Foreign Currency), assigned Ba1
• Short-term Counterparty Risk Rating (Local and Foreign Currency), assigned NP.

Erste Bank Hungary Zrt.

• Long-term Counterparty Risk Rating (Local and Foreign Currency), assigned Baa2
• Short-term Counterparty Risk Rating (Local and Foreign Currency), assigned P-2

FHB Mortgage Bank Co. Plc.

• Long-term Counterparty Risk Rating (Local and Foreign Currency), assigned Ba3
• Short-term Counterparty Risk Rating (Local and Foreign Currency), assigned NP

Kereskedelmi & Hitel Bank Rt.

• Long-term Counterparty Risk Rating (Local and Foreign Currency), assigned Baa1
• Short-term Counterparty Risk Rating (Local and Foreign Currency), assigned P-2

MKB Bank Zrt.

• Long-term Counterparty Risk Rating (Local and Foreign Currency), assigned B1
• Short-term Counterparty Risk Rating (Local and Foreign Currency), assigned NP

OTP Bank NyRt

• Long-term Counterparty Risk Rating (Local and Foreign Currency), assigned Baa1
• Short-term Counterparty Risk Rating (Local and Foreign Currency), assigned P-2

OTP Jelzalogbank Zrt. (OTP Mortgage Bank)

• Long-term Counterparty Risk Rating (Local and Foreign Currency), assigned Baa1
• Short-term Counterparty Risk Rating (Local and Foreign Currency), assigned P-2

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