Fitch downgrades Greek banks

Reported by AAP
Saturday, May 19, 2012
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Fitch has lowered its ratings of Greek banks in the wake of its cut of the country's sovereign rating.

Fitch put the new rating for the National Bank of Greece, Efg Eurobank Ergasias, Alpha Bank, Piraeus Bank and Agricultural Bank of Greece at CCC, down from B-minus, in the mid-level range for "speculative" or junk bonds.

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19/06/2013 18:24Sydney, Australia. 19 June,2013
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