Fitch affirmed the four systemic Greek banks΄ long-term issuer default ratings (IDRs) at restricted default (RD), while it upgraded the four banks΄ viability ratings (VRs) to ΄CCC΄ from ΄F΄.
According to the agency, the upgrade of the banks΄ VRs mainly reflects the banks΄ improved, albeit still weak, liquidity.
It also reflects their expectation that successful completion of the second bailout review will reduce political risks, improve confidence and facilitate stronger deposit growth in 2H’17e.
Read more here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: http://www.fitchratings.com License: CC-BY-SA
Source: capital.gr
