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OP-Pohjola's credit rating may be lowered

The credit rating agency Moody's has said it is reviewing the rating of the Finnish banking group OP-Pohjola. According to Moody’s, OP-Pohjola’s financial performance has weakened compared to its pre-crisis levels.

OP-Pohjolan tunnuksia pankin seinustalla.
Image: Yle

Moody’s says that any downgrade would be one notch at the most.

OP-Pohjola’s Chief Financial Officer Harri Luhtala says that rating review will have no impact on the banking group’s customers.

In July, the bank did well on the European bank stress tests.

Finnish bank passes stress tests

Sources: YLE