Fitch upgrades credit rating of three major Greek banks
- Written by E.Tsiliopoulos
Credit ratings agency Fitch on Monday raised the credit rating of three major Greek banks, Eurobank, National Bank of Greece and Alpha Bank, after upgrading the credit rating of Greece's economy to one notch below investment grade last Friday.
The credit rating agency upgraded Eurobank and National Bank of Greece to "BB-" from "B+", and Alpha Bank to "B+" from "B".
Fitch reported that its decision is justified by the banks' improved capital position, their profitability, and the expected resilience of the country' economy in 2023.
On January 27, Fitch upgraded Greece's rating from 'BB' to 'BB+'.
Tagged under
Related items
-
The New York City Parade Committee meets on Thursday
-
St. Demetrius of Astoria Honors Philip Christopher
-
Pierrakakis meets with Michael Kratsios on investments, economy and artificial intelligence
-
Greek shipowners face new US port measures with composure
-
Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Latest from E.Tsiliopoulos
- The New York City Parade Committee meets on Thursday
- St. Demetrius of Astoria Honors Philip Christopher
- Pierrakakis meets with Michael Kratsios on investments, economy and artificial intelligence
- Greek shipowners face new US port measures with composure
- Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’