Friday, April 30, 2010

Moody’s Cuts Ratings on Nine Greek Banks

Moody’s Investors Service has today downgraded the bank financial strength ratings  as well as the deposit and debt ratings of nine Greek banks to reflect their weakening stand-alone financial strength and the anticipated additional pressures stemming from the country’s challenged economic prospects, Moody's announced.

The banks affected by today’s rating action are: National Bank of Greece, EFG Eurobank Ergasias SA, Alpha Bank AE, Piraeus Bank, Emporiki Bank of Greece, Agricultural Bank of Greece, General Bank of Greece, Marfin Egnatia Bank and Attica Bank.

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