...- On Oct. 25, 2019, we raised our long-term sovereign credit ratings on Greece to '##-' from 'B+' and affirmed our 'B' short-term ratings. - Following this upgrade and a revised application of our rating above the sovereign criteria, we have raised to '###+' from '###-' our ratings on the mortgage covered bonds issued by National Bank of Greece under its covered bond programs I and II. - Both programs are conditional pass-through payment obligation structures, which mitigate asset and liability mismatch risk. As a result, our ratings on the covered bonds are delinked from the issuer's jurisdiction-supported rating level and we do not assign any outlooks. LONDON (S&P Global Ratings) Nov. 7, 2019--S&P Global Ratings today raised to '###+' from '###-' its credit ratings on the mortgage covered bonds issued by National Bank of Greece S.A. under its covered bond programs I and II. Today's upgrades follow our Oct. 25, 2019, upgrade of Greece (see "Greece Upgraded To '##-' On Receding Budgetary...
