Tuesday, June 21, 2016

Fitch Affirms Greek Banks at 'RD' on Capital Controls

(The following statement was released by the rating agency)

LONDON, June 21 (Fitch) Fitch Ratings has affirmed the Long-Term

Issuer Default

Ratings (IDRs) of National Bank of Greece S.A. (NBG), Alpha Bank

AE (Alpha),

Piraeus Bank S.A. (Piraeus) and Eurobank Ergasias S.A.

(Eurobank) at 'Restricted

Default' (RD). At the same time the agency has affirmed the four

Greek banks'

Viability Ratings (VRs) at 'f'. A full list of rating actions is

available at

the end of this rating action commentary.

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