Six Greek banks warned of Moody's downgrade

[Joanne98]

Source: AFP

ATHENS — Ratings agency Moody's on Friday said it had placed the deposit and debt standing of six Greek banks, including several leading lenders, on review for a possible downgrade after similarly placing Greece's own sovereign ratings on negative watch.

"Moody's Investors Service has today placed on review for possible downgrade the deposit and debt ratings of ... National Bank of Greece (NBG), EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank, Agricultural Bank of Greece (ATE) and Attica Bank," the agency said.

"In addition, the standalone bank financial strength ratings (BFSRs) of NBG, Eurobank and Alpha, have been placed on review for possible downgrade," Moody's added in a statement issued in Limassol.

The move came a day after the agency placed Greece's sovereign bond rating, currently at Ba1, or junk status for investors, on a similar downgrade watch.



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[DJ13]

1. That ought to teach the Greek Orthodox Church to complain about an IMF takeover

[bemildred]

2. Moody's is corrupt. They had a large part in enabling the US derivatives bubble. nt