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Economy

Demeter

(85,373 posts)

19. S&P, Fitch warn on long-term ratings of four Greek banks

Reply to Tansy_Gold (Original post)

Thu Feb 12, 2015, 07:44 AM

Feb 2015

IN OTHER NEWS, WATER IS STILL WET

http://www.reuters.com/article/2015/02/10/sp-ratings-greekbanks-idUSL4N0VK65M20150210

Ratings agencies Fitch and Standard & Poor's warned on the long-term ratings of four Greek banks as uncertainty surrounds Greece getting financial support from the European Central Bank.

The European Union aims to clinch an interim debt deal with Greece although there are "low expectations" for a breakthrough at meetings of ministers and EU leaders this week, a European Commission spokeswoman said on Tuesday.

Fitch placed the long-term ratings of Alpha Bank AE , Eurobank Ergasias SA, National Bank of Greece SA and Piraeus Bank SA on negative watch.

S&P maintained its CreditWatch negative warning on the four banks, meaning that they could be lowered again...

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