Eurobank S.A. – Ratings Affirmed ; Outlook R e mains Positive
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Ref: GR028 2 4PBK 00- 0 1 1 7 May 202 4
Eurobank S.A. – Ratings Affirmed ; Outlook R e mains Positive
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Eurobank S.A. (Eurobank) at ‘BB-’ and ‘B’ , respectively. At the same time, CI Ratings has affirmed Eurobank’s Bank Standalone Rating (BSR) of ‘bb-’, Core Financial Strength (CFS) rating of ‘bb’ , and Extraordinary Support Level (ESL) of Uncertain. T he Outlook on the LT FCR and BSR remains Positive .
Eurobank’s BSR of ‘bb-’ is derived from a CFS rating of ‘bb’ and an Operating Environment Risk Anchor ( OPERA ) of ‘bb-’. The CFS is supported by the Bank’s significant banking franchise in Greece, good management execution record – including the sharp reduction in non-performing…