S&P Global Ratings has placed its 'BBB ' long-term issuer credit rating on Oma Savings Bank Plc on CreditWatch with positive implications, while affirming the 'A-2' short-term rating. The move follows S-Bank Plc's voluntary recommended public tender offer for all shares in OmaSp announced on 9 July 2026. S&P stated that if the transaction is completed, OmaSp could be viewed as a subsidiary of the S-Bank Group and may benefit from group support, potentially leading to a one-notch upgrade. The tender offer is subject to a 90% acceptance threshold and regulatory approvals, with closing expected in the fourth quarter of 2026. If the deal fails, S&P would remove the CreditWatch placement and reassess OmaSp's standalone credit profile.
S&P Global IncS-Bank's tender offer for OmaSp may lead to acquisition, but S&P action is on OmaSp, not S-Bank