Hellenic Bank - Ratings Affirmed; Outlook Revised to Positive

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating (LT FCR) of Hellenic Bank (HB) to Positive from Stable. The Bank's LT FCR and Short-Term Foreign Currency Rating (ST FCR) have been affirmed at 'BB-' and 'B', respectively. At the same time, CI Ratings has affirmed HB's Bank Standalone Rating (BSR) of 'bb-' and raised the Core Financial Strength (CFS) rating to 'bb' from 'bb-'.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Cyprus, Hellenic Bank )
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