Hellenic Bank - LT FCR Raised and Outlook Revised to Stable

Overview

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

Attachments

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