Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative - S&P Global Ratings’ Credit Research

Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative

Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative - S&P Global Ratings’ Credit Research
Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative
Published Dec 02, 2010
1034 words — Published Dec 02, 2010
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MADRID (Standard&Poor's) Dec. 2, 2010--Standard&Poor's Ratings Services has placed its 'BB+' long-term term sovereign credit rating on the Hellenic Republic (Greece) on CreditWatch with negative implications (see "Greece 'BB+' Sovereign Rating Placed On CreditWatch Negative On Unveiling Of European Stability Mechanism Plan," published today on RatingsDirect on the Global Credit Portal). We believe that this could have a negative impact on the creditworthiness of the four Greek banks and one related international subsidiary that we rate, namely: National Bank of Greece S.A. (BB+/Negative/B) and its strategically important Bulgarian subsidiary United Bulgarian Bank A.D. (BB/Negative/B), EFG Eurobank Ergasias S.A. (BB/Negative/B), Alpha Bank A.E. (BB/Negative/B), and Piraeus Bank S.A. (BB/Negative/B). We expect to publish a more detailed analysis

  
Brief Excerpt:

RESEARCH Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative Publication date: 02-Dec-2010 Primary Credit Analyst: Luigi Motti, Madrid (34) 91-788-7234; luigi_motti@standardandpoors.com...

  
Report Type:

News

Ticker
ETE@GA
Issuer
National Bank of Greece S.A.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Greece
Region
Europe, Middle East, Africa
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative" Dec 02, 2010. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Credit-Notice-S-P-To-Assess-Credit-Impact-On-Greek-Banks-Of-Its-Placement-Of-Greece-On-CreditWatch-Negative-835158>
  
APA:
S&P Global Ratings’ Credit Research. (). Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative Dec 02, 2010. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Credit-Notice-S-P-To-Assess-Credit-Impact-On-Greek-Banks-Of-Its-Placement-Of-Greece-On-CreditWatch-Negative-835158>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.