S&P Lifts Oma Savings Bank Rating to BBB+ After S-Bank Takeover Offer

12:56 AM EDT, 10/02/2026 (MT Newswires) -- S&P Global Ratings upgraded its long-term issuer credit rating on Oma Savings Bank (OMASP.HE) to BBB+ from BBB, with a stable outlook, after S-Bank acquired 96.8% of its shares through a tender offer expected to be settled on Oct. 7. The rating agency said Thursday it now sees the Finland-listed bank as a "highly strategic" subsidiary of S-Bank and expects it to benefit from "extraordinary" group support if needed. It also expects S-Bank to take steps to speed up the workout of Oma's problem loans. S&P also removed the bank from CreditWatch positive, raised its long-term resolution counterparty rating to A- from BBB+, and affirmed its A-2 short-term ratings.