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Moody's downgrades ratings of eight Greek banks
04. June 2011. | 08:31
Source: ANA
Moody's downgraded National Bank of Greece (NBG), Alpha Bank and Piraeus Bank to B3 from Ba3, Agricultural Bank (ATE) and Attica Bank to B3 from B1, and Emporiki Bank and General Bank of Greece (Geniki) to B1 from Baa3.
Moody's rating agency on Friday downgraded the deposit and senior debt ratings of eight Greek banks, following the recent downgrade of the Greek government debt rating by three notches to Caa1 from B1, with a negative outlook for all eight banks.
More specifically, it downgraded National Bank of Greece (NBG), Alpha Bank and Piraeus Bank to B3 from Ba3, Agricultural Bank (ATE) and Attica Bank to B3 from B1, and Emporiki Bank and General Bank of Greece (Geniki) to B1 from Baa3.
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