The rating actions follow the closing of OTP Bank Nyrt's acquisition of Nova KBM on 6 February 2023, and reflect the bank's improved combined solvency and increased operational and strategic integration and financial interlinkages with its new parent.
This notice will be available on Nova KBM´s webpage from 7 February 2023.
Management Board of Nova KBM d.d.
On 7 February 2023, the rating agency Moody’s Investors Service (»Moody's«) upgraded the long-term local and foreign currency deposit ratings of Nova Kreditna Banka Maribor d.d. (»Nova KBM«) to A3 from Baa1 and changed the outlook to stable from ratings under review. Concurrently, Moody's also upgraded Nova KBM's Baseline Credit Assessment (BCA) and Adjusted BCA to baa3 from ba1, and its junior unsecured debt rating to Baa3 from Ba1.The bank’s short-term local and foreign currency deposit ratings were affirmed at P-2.
