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Moody's upgraded Greek banks on Tuesday, days after providing a "vote of confidence" for the Greek economy. Specifically, Moody's upgraded the long-term deposit rating for National Bank of Greece, Alpha Bank and Eurobank Ergasias, to Caa1 to Caa2, while re-affirming its rating for Piraeus Bank and non-systemic Pan-Cretan Cooperative Bank, at Caa2.
Additionally, Moody's retained its long-term rating for non-systemic Attica Bank, at Caa3.

The ECB's mechanisms and the staff of the major European banks have been placed in "enhanced vigilance", as the Turkish crisis is undergoing a new phase of accelerating, with unpredictable consequences.

Moody's Investors Service upgraded on Tuesday the long-term deposit ratings of Piraeus Bank and the National Bank of Greece. to "Caa2" from "Caa3", and affirmed Alpha Bank, Eurobank Ergasias and Attica Bank long-term deposit ratings at "Caa3".