S&P Global Ratings on Dec. 16 revised the outlook on Oberösterreichische Landesbank AG to stable from positive, while affirming the bank's A/A-1 long- and short-term counterparty credit ratings.

The outlook revision follows the agency's revision of the outlook on Upper Austria, a controlling shareholder of the bank, which guarantees some of its liabilities. S&P revised Upper Austria's outlook to negative from positive Dec. 9.

In the agency's view, the bank is a government-related entity with a high likelihood of receiving "timely and sufficient" extraordinary government support, if needed, due to its important ties with Upper Austria.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.