Moody's: ??aß??µ?se se Caa1 t?? a???????se?? t?? ?e??a???...



...?????? ?a? Alpha Bank...
Se a?aßa?µ?se?? t?? a???????se?? ?a? t?? outlook t?? e???????? t?ape??? p??????se ? aµe???a????? ????? a???????s?? Moody's, µet? t?? a?aß??µ?s? - ?at?...
d?? ßa?µ?de? - t?? a???????s?? t?? ????da? st? Caa3 p??? ap? µ?a eßd?µ?da (29 ??eµß????).
??a??t???, ? Moudy's a?aß??µ?se ?at? µ?a ßa?µ?da st? Caa1, ap? Caa2 p??????µ????, t?? a???????se?? t??:
- ???pe?a ?e??a???
- ?????? ???pe?a
- Alpha Bank
?a?t?????a a?aß??µ?se ?a? t? outlook t?? t???? t?ape??? se sta?e??, ap? a???t??? p??????µ????.
??? ?d?a ??a, ? Moody's a?aß??µ?se se ?et??? ap? a???t??? p??????µ???? t? outlook
- t?? Eurobank
ep?ßeßa?????ta? pa??????a t?? a???????s? t?? st? Caa2.
????? ? ????? a?aß??µ?se se sta?e?? ap? a???t??? p??????µ???? t? outlook
- t?? ?ttica Bank
ep?ßeßa?????ta? pa??????a t?? a???????s? t?? st? Caa2.
?p?? e???e? ? Moody's, ?? s?µe????? a?aßa?µ?se?? a?ta?a????? t? ße?t??s? t?? p?st???pt???? ??a??t?ta? t?? ????da?, µet? t?? a?aß??µ?s? t?? st? Caa3, µe sta?e?? outlook, ap? C p??????µ????, p??? ap? µ?a eßd?µ?da.

?? s?µat?d?te? ? a?aß??µ?s? t?? a???????se?? t?? ?e??a???, ?????? ?a? Alpha Bank
H a?aß??µ?s? t?? a???????se?? t?? t???? e???????? s??d?asµ?? e??a? s??d?asµ?? t?? e??? pa?a???t??:
1) ????t?s? t?? ?efa?a?a??? t??? ß?s??, µet? t?? ????????s? t?? d?ad??as?a? a?a?efa?a??p???s?? t??? t?? ?????? t?? 2013.
2) ?e??s? t?? d?µ??????a? ???? µ? e??p??et??µe??? da?e??? (NPLs). ?p?? e?t?µ? ? Moody's, ? ????? t?? NLPs t?? e???????? t?ape??? ?a ????f??e? p??? ta t??? t?? 2014 - a???? t?? 2015 (ep?µ???? ap? e?e? ?a? ?pe?ta ?a ?e????se? ? µe??s? t???).
3) Ge????te?? ße?t??s? t?? p?st?t???? p??f?? t?? e???????? t?ape???.
4) ??de??e?? ße?t??s?? st? ???µat?d?t??? p??f?? ?a? st? p??f?? ?e?st?t?ta? t?? e???????? t?ape???. Ost?s? ? e???t?s? ap? t? ???µat?d?t?s? t?? ???pe?a? t?? ????d?? ?a d?at????e? ??a ???? ?a??? a??µ?.
Ost?s?, ?p?? p??e?d?p??e? ? ?????, ?? a???????se?? t?? t???? e???????? t?ape??? pa?aµ????? d?sµ?e? t?? d?sµe???? a??µ? ?e?t???????? pe??ß?????t?? st?? ????da ?a? t?? ?????? a??µ? ep?p?d?? t?? p??ß??µat???? da?e???.
??d??? a??s???a e?p?µpe? ? Moody's ?a? ??a t?? ???es? t?? e???????? t?ape??? st??? ???d????? p?? s??d???ta? µe t?? ?at?stas? t?? ??????µ?a?.

???pe?a ?e??a???
? t??pe?a ??e? e??s??se? t?? ?efa?a?a?? t?? ß?s? ?a? ??e? ße?t??se? t? ???µat?d?t??? t?? p??f??, ?a??? ?a? t? p??f?? ?e?st?t?t?? t??. ?et? t?? ????????s? t?? a?a?efa?a??p???s?? t??, ? ?e??a??? eµfa???e? de??t? ?efa?a?a??? ep???e?a? Core Tier 1 st? 13,5%. ? Moody's p??ß??pe? ??µ??? ??a t?? ?e??a??? se ?e?t??????? ep?ped? ?at? t?? pe???d? 2013 - 2014.
?????? ???pe?a
? a?aß??µ?s? t?? ??? a?ta?a??? t? ße?t??s? t?? p???t?ta? t?? st???e??? e?e???t???? t?? ?a? t?? ?s????p???s? t?? ???µat?d?t???? t?? p??f??. ? Moody's e?t?µ? p?? ? ??? ?a ??e?aste? ??a ?efa?a?a?? e??s??s? p???e?µ???? ?a ?s????p???se? t?? ?efa?a?a?? t?? ß?s?.
Alpha Bank
H a?aß??µ?s? t?? Alpha Bank a?ta?a??? t?? ?s???? ?efa?a?a?? t?? ß?s? ?a? t? µe???µe?? t?s? st?? ?ate????s? t?? d?µ??????a? ???? µ? e??p??et??µe??? da?e???. ?a??????a, ? a?aß??µ?s? t?? a???????s?? t?? a?ta?a??? t? ße?t??s? t?? ???µat?d?t???? t?? p??f?? ?a? t?? p??f?? ?e?st?t?t?? t??.
Eurobank
H a?aß??µ?s? t?? outlook t?? t??pe?a? se ?et???, ap? a???t??? p??????µ????, a?ta?a??? t? ße?t??s? t?? ???µat?d?t???? t?? p??f?? ?a? ta s??d?a ??a t?? ep??e?µe?? a???s? t?? µet?????? t?? ?efa?a??? ??? 2 d?s. e???. ?? ???µat?d?t??? p??f?? t?? t??pe?a? ße?t?????e s?µa?t??? µet? t?? e?a???? t?? ???? ?a??d??µ???? ?aµ?e?t????? t?? ?????? t?? 2013.
?ttica Bank
H a?aß??µ?s? t?? outlook t?? t??pe?a? se sta?e??, ap? a???t??? p??????µ????, a?ta?a??? t? µe???µe?? t?s? ?s?? af??? st?? e???t?s? t?? ap? t? ???µat?d?t?s? t?? ??ap???? t?? ????d??. ?a?t?????a, ? t??pe?a d?a??te? p???? µ?a pe??ss?te?? sta?e?? ?ata?et??? ß?s?.

St????? ap? t?? t????a ?a? t? ??S
? ???dy's e?t?µ? p?? e??a? p??a?? ? ß????s? t?? t????a? ??a p??s?et? ?efa?a?a?? st????? t?? e???????? t?ape???, a? a?t? ????e? a?a??a??.
?a??????a ? ????? a???????s?? a?a??????e? (?a? ?a??et??e?) t? s??e????µe?? st????? t?? e???????? t?ape??? ap? t?? ??? ?a? t?? ???pe?a t?? ????d??. ?? ????e? a?a??a??, ?p???e? ??a capital buffer ap? t? ??S t? ?p??? µp??e? ?a d???ete??e? st?? e???????? t??pe?e?.

??a??t??? ?? a???????se?? t?? e???????? t?ape??? ap? t? Moody's:

?????? ???pe?a, NBG Finance plc, National Bank of Greece Funding Limited:
- Standalone BFSR affirmed at E, equivalent to a BCA of caa2 from caa3
- Long-term deposit ratings and senior unsecured debt ratings upgraded to Caa1 from Caa2
- Backed (government-guaranteed) senior unsecured ratings upgraded to Caa1 from Caa2
- Subordinated debt ratings upgraded to Caa3 from Ca
- Preferred stock (Hybrid Tier 1) affirmed at Ca (hyb)
- Short-term ratings affirmed at Not-Prime

???pe?a ?e??a???, Piraeus Group Finance plc, Piraeus Group Capital Limited:
- Standalone BFSR affirmed at E, equivalent to a BCA of caa2 from caa3
- Long-term deposit and senior unsecured debt ratings upgraded to Caa1 from Caa2
- Backed (government-guaranteed) senior unsecured ratings upgraded to Caa1 from Caa2
- Subordinated debt ratings upgraded to Caa3 from Ca
- Preferred stock (Hybrid Tier 1) affirmed at Ca (hyb)
- Short-term ratings affirmed at Not-Prime

Eurobank, EFG Hellas plc, EFG Hellas (Cayman Islands) Limited, EFG Hellas Funding Limited:
- Standalone BFSR affirmed at E (stable outlook), equivalent to a BCA of caa3
- Long-term deposit ratings and senior unsecured debt ratings affirmed at Caa2
- Backed (government-guaranteed) senior unsecured MTN affirmed at Caa2
- Subordinated debt ratings affirmed at Ca
- Preferred stock (Hybrid Tier 1) affirmed at Ca (hyb) with stable outlook
- Short-term ratings affirmed at Not-Prime

Alpha Bank, Alpha Credit Group plc, Alpha Group Jersey Limited, Emporiki Group Finance plc:
- Standalone BFSR affirmed at E, equivalent to a BCA of caa2 from caa3
- Long-term deposit ratings and senior unsecured debt ratings upgraded to Caa1 from Caa2
- Backed (government-guaranteed) senior unsecured ratings upgraded to Caa1 from Caa2
- Subordinated debt ratings upgraded to Caa3 from Ca
- Preferred stock (Hybrid Tier 1) affirmed at Ca (hyb)
- Short-term ratings affirmed at Not-Prime

Attica Bank, Attica Funds plc:
- Standalone BFSR affirmed at E, equivalent to a BCA of caa3
- Long-term deposit ratings affirmed at Caa2
- Subordinated debt ratings affirmed at Ca
- Short-term ratings affirmed at Not-Prime

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