Standard & Poor’s on Tuesday raised the outlook of credit ratings of Greek banks citing significant progress achieved by the financial institutions.
More specifically, S&P raised
– National Bank’s and Eurobank’s credit rating to BB+ from B+ and kept their outlook positive
– Alpha Bank’s credit rating to BB- from B+ with a stable outlook
– Piraeus Bank’s credit rating to B+ from B with a positive outlook
– Aegean Baltic Bank to B+ from B with a stable outlook
– Eurobank Holdings to B from B- with a positive outlook
– Alpha Services and Holdings to B from B- with a stable outlook
– Piraeus Financial Holdings outlook to positive from stable.
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Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Magnus Manske
