Moody’s upgrades the long term deposit ratings of four Greek banks
Moody’s upgrades the long term deposit ratings of four Greek banks

Moody’s upgrades the long term deposit ratings of four Greek banks

Has upgraded the long-term deposit ratings of National Bank of Greece S.A. and Eurobank S.A. to Ba3 from B2, Alpha Bank S.A. to B1 from B2 and Piraeus Bank S.A. to B2 from B3.
RE+D magazine
31.03.2022

The long-term deposits of five Greek banks was upgraded by Moody's rating agency while maintaining its positive outlook.

Moody's Investors Service (Moody's) has upgraded the long-term deposit ratings of National Bank of Greece S.A. and Eurobank S.A. to Ba3 from B2, Alpha Bank S.A. to B1 from B2 and Piraeus Bank S.A. to B2 from B3. The outlook on the deposit ratings for all four banks remains positive. 

The rating agency has also upgraded the long-term deposit ratings of Attica Bank S.A. ("Attica Bank") to Caa2 from Caa3, and changed the outlook to positive from stable. In addition, Pancreta Bank S.A.'s deposit ratings of Caa2 were affirmed, and its outlook was also changed to positive from stable.