Fitch upgrades 3 Greek systemic lenders
The announcement comes days after Fitch also upgraded Greece’s rating to “BB+”, one level away from investment grade
The announcement comes days after Fitch also upgraded Greece’s rating to “BB+”, one level away from investment grade
Alpha Bank's positive outlook for the new year is foreseen by JP Morgan
The financial institution confirms the rating in "BB-". Possible new upgrade in 12 months
According to Fitch, the upgrades reflects its assessment that “recoveries for the banks' SP creditors have improved because of subdued asset-quality risks, following a recovery in the Greek operating environment and progress made in their respective de-risking plans, including the sale of substantial portfolios of non-performing exposures (NPE).
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