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BICRA On Greece Revised To Group '10' From Group '7' Nov 11
Standard & Poors, Nov 2011
Abstract
OVERVIEW We have reviewed our Banking Industry Country Risk Assessments after having published our updated methodology. We are revising our BICRA on Greece to group '10' from group '7'. We are revising our economic risk score to '10' from '7' and assigning an industry risk score of '8'. BICRA ACTION On Nov. 9, 2011, Standard & Poor's Ratings Services said it is revising its Banking Industry Country Risk Assessment (BICRA) on Greece to group '10' from group '7'. It is also revising the economic risk score to '10' from '7' and assigning an industry risk score of '8'. RATIONALE We have reviewed the banking sector of the Hellenic Republic (Greece; CC/Negative/C) under our updated BICRA methodology. Our criteria define the...
Companies mentioned in this report are: Hellenic Republic,Alpha Bank A.E.,National Bank of Greece S.A.,EFG Eurobank Ergasias S.A.,Piraeus Bank S.A.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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