Moody's for National Bank: Positive Outlook and "Signal" for Possible Upgrade
7 Articles
7 Articles
The international agency says that deposit ratings could be upgraded if Greece is upgraded and at the same time the bank maintains strong profitability, high capitalization and good asset quality for the next 12 to 18 months.
The creditworthiness was confirmed at Baa1 level, as a result of the recent positive reassessment of the Greek State
The improvement in the prospects of the Greek State now creates, according to the agency, room for a future upgrade of National Bank's basic credit rating.
Moody's upgraded the outlook for the creditworthiness of National Bank of Greece's long-term deposits to positive from stable, confirming the creditworthiness of the bank.
Further upgrading of the bank could occur if Greece's credit rating is upgraded and National Bank maintains strong profitability.
The bank's liquidity and funding profile is strong. What could lead to an upgrade?
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