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Hellenic Bank upgraded by agency, leaner structure praised
December 16, 2022
Capital Intelligence Ratings (CI Ratings) this week 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 Hellenic Bank’s Bank Standalone Rating (BSR) to ‘bb’ from ‘bb-‘.
In addition, the Outlook for the LT FCR and BSR have been revised to Stable from Positive, while the agency also noted that the bank’s Core Financial Strength (CFS) rating of ‘bb’ and Extraordinary Support Level (ESL) of Uncertain have been affirmed.