News & Credit Rating Announcements
24 June 2022 | Country: Greece | Bank: Piraeus Bank S.A.
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Piraeus Bank S.A. - Ratings Upgraded; Outlook Remains Stable
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Piraeus Bank S.A. (PB) to 'B+' from 'B'. At the same time, CI Ratings has raised PB's Bank Standalone Rating (BSR) to 'b+' (from 'b'), and Core Financial Strength (CFS) rating to 'b+' (from 'b'). The Outlook on both the LT FCR and BSR remains Stable. The Bank's Short-Term Foreign Currency Rating (ST FCR) of 'B' and Extraordinary Support Level (ESL) of Uncertain have been affirmed.
Attachments
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Rating Announcement (CRA)
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Bank Rating Report (Greece, Piraeus Bank S.A.)
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