Displaying items by tag: fitch

Yesterday, Fitch Ratings confirmed a long term issuer default B- rating with Stable Outlooks , a B rating for Short-Term IDRs and a B- for Viability Ratings for National Bank of Greece, Alpha Bank, Piraeus Bank and Eurobank Ergasias.

Fitch Ratings has affirmed National Bank of Greece S.A. (NBG), Piraeus Bank, S.A. (Piraeus), Alpha Bank AE (Alpha) and Eurobank Ergasias S.A.'s (Eurobank) Long-term Issuer Default Ratings (IDRs) at 'B-' with Stable Outlooks, Short-term IDRs at 'B', and Viability Ratings (VRs) at 'b-'. Fitch has also affirmed the banks' Support Ratings (SR) at '5' and Support Rating Floors (SRF) at 'No Floor'.

President of the Republic of Cyprus Nicos Anastasiades, stated that the island received an improved Standard and Poor's and Fitch grade due to its continued financial efforts.