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Five Greek Banks Get Rating Upgrade from Standard & Poor’s

Summary by Greek Reporter
Rating for four systemic banks and Aegean Baltic Bank was upgraded. Credit: eflon, CC2/Flickr The long-term credit rating of five Greek banks was upgraded by Standard & Poor’s on Thursday. The rating agency upgraded the long-term credit rating of the four systemic banks and Aegean Baltic Bank, placing National and Eurobank one step before investment grade and, respectively, Alpha Bank and Piraeus two notches below investment grade. Greek banks i…

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