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Credit Notice: S&P To Assess The Credit Impact Of Its Downgrade Of Greece On Four Greek Banks And One Subsidiary

Published Mar 29, 2011

1055 words — Published Mar 29, 2011

Price US$ 150.00 | Buy this Report Now

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Abstract:

MADRID (Standard&Poor's) March 29, 2011--Standard&Poor's Ratings Services lowered its long-term sovereign credit rating on the Hellenic Republic (Greece) today to 'BB-' from 'BB+' and maintained the rating on CreditWatch with negative implications. At the same time, Standard&Poor's placed its 'B' short-term sovereign credit rating on Greece on CreditWatch with negative implications. (See "Greece Downgraded To 'BB-' On Confirmed ESM Borrowing Terms; Still On Watch Neg; Teleconference Today At 4:30PM BST" for more information on our sovereign action). We believe that this downgrade 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+/Watch Neg/B) and its strategically

Brief Excerpt:

RESEARCH Credit Notice: S&P To Assess The Credit Impact Of Its Downgrade Of Greece On Four Greek Banks And One Subsidiary Publication date: 29-Mar-2011 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

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Research Update: Four Greek Banks Downgraded To 'B+' After Greece Downgrade And BICRA Review; All Ratings Still On Watch Negative – 2011/03/31 – US$ 225.00

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Research Update: Four Greek Banks Downgraded To 'B/C' In Line With Revised Ratings On Greece; All Issuer Ratings Still On Watch Neg – 2011/05/11 – US$ 225.00

Bulletin: National Bank of Greece And Alpha Bank Ratings Unaffected By NBG's Proposed Friendly Merger Between The Two Banks – 2011/02/22 – Free

Greek Banks Placed On CreditWatch Negative Following Similar CreditWatch Action On The Hellenic Republic – 2010/12/03 – US$ 150.00

Credit Notice: S&P To Assess Credit Impact On Greek Banks Of Its Placement Of Greece On CreditWatch Negative – 2010/12/02 – US$ 150.00

National Bank of Greece S.A. – 2010/10/29 – US$ 500.00

Summary: National Bank of Greece S.A. – 2010/10/29 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Credit Notice: S&P To Assess The Credit Impact Of Its Downgrade Of Greece On Four Greek Banks And One Subsidiary" Mar 29, 2011. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Credit-Notice-S-P-To-Assess-The-Credit-Impact-Of-Its-Downgrade-Of-Greece-On-Four-Greek-Banks-And-One-Subsidiary-857148>

APA:	S&P Global Ratings’ Credit Research. (). Credit Notice: S&P To Assess The Credit Impact Of Its Downgrade Of Greece On Four Greek Banks And One Subsidiary Mar 29, 2011. 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-The-Credit-Impact-Of-Its-Downgrade-Of-Greece-On-Four-Greek-Banks-And-One-Subsidiary-857148>

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