S&P upgrades Greek banks’ ratings

S&P raised the credit rating for National Bank of Greece (NBG) and Eurobank to BB+ from B+, while maintaining their outlook positive

S&P upgrades Greek banks’ ratings

Standard & Poor’s on Tuesday upgraded the credit ratings for Greece’s four systemic banks, citing significant progress achieved by the latter.

Specifically, S&P raised the credit rating for National Bank of Greece (NBG) and Eurobank to BB+ from B+, while maintaining their outlook positive.

Additionally, S&P raised Alpha Bank’s credit rating to BB- from B+, with a stable outlook, while raising the credit rating for Piraeus Bank’ to B+ from B, also with a positive outlook.

In a statement, the credit rating firm said Greek and Cypriot banks will benefit more after several years of restructuring their balance sheets, as well as from a restoration of profitability and higher interest rates.

S&P added that Greek banks have made significant progress towards balancing financial profiles, due to a strong deposit base and a significant leverage of balance sheets, which allows them to easily repay long-term loans extended by the European Central Bank.

OT Originals

Περισσότερα από English Edition

ot.gr | Ταυτότητα

Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος

Διευθύντρια Σύνταξης: Αργυρώ Τσατσούλη

Ιδιοκτησία - Δικαιούχος domain name: ΟΝΕ DIGITAL SERVICES MONOΠΡΟΣΩΠΗ ΑΕ

Νόμιμος Εκπρόσωπος: Ιωάννης Βρέντζος

Έδρα - Γραφεία: Λεωφόρος Συγγρού αρ 340, Καλλιθέα, ΤΚ 17673

ΑΦΜ: 801010853, ΔΟΥ: ΦΑΕ ΠΕΙΡΑΙΑ

Ηλεκτρονική διεύθυνση Επικοινωνίας: ot@alteregomedia.org, Τηλ. Επικοινωνίας: 2107547007

Μέλος

ened
ΜΗΤ

Aριθμός Πιστοποίησης
Μ.Η.Τ.232433

Απόρρητο