Moody’s upgraded Greek banks on Tuesday, days after providing a “vote of confidence” for the Greek economy. Specifically, Moody’s upgraded the long-term deposit rating for National Bank of Greece, Alpha Bank and Eurobank Ergasias, to Caa1 to Caa2, while re-affirming its rating for Piraeus Bank and non-systemic Pan-Cretan Cooperative Bank, at Caa2.
Additionally, Moody’s retained its long-term rating for non-systemic Attica Bank, at Caa3.
