Eurobank S.A. – Ratings Affirmed with a Stable Outlook
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Ref: GR028 20 CRA00- 0 1 21 May 2021
Eurobank S.A. – Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and S hort- T erm F oreign C urrency R ating (ST FCR) of Eurobank S.A. (Eurobank) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed the Bank’s B ank S tandalone R ating (BSR) of ‘b+’, C ore F inancial S trength (CFS) rating of ‘bb-’, and E xtraordinary S upport L evel (ESL) of Uncertain. The Outlook for the LT FCR and BSR remains Stable.
Eurobank’s BSR of ‘b+’ is derived from a CFS rating of ‘bb-’ and an O perating Environment Risk Anchor (O PERA ) of ‘b+’. The CFS is supported by the Bank’s significant banking franchise in Greece with an established presence in markets with growth potential, good execution record of management…