Eurobank S.A. – Ratings Upgraded and Outlook Stable

11 May 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Eurobank S.A. (Eurobank or the Bank) to ‘BBB’ and ‘A2’, respectively. At the same time, CI Ratings has upgraded Eurobank’s Bank Standalone Rating (BSR) to ‘bbb’ and raised its Core Financial Strength (CFS) rating to ‘bbb’. The ESL of Uncertain has been affirmed. The Outlook for both the LT FCR and BSR is Stable.

The upgrade of the Bank’s LT FCR and BSR is driven both by the improved CFS rating of ‘bbb’ and Greece’s improved Operating Environment Risk Anchor (OPERA) of ‘bbb’, the latter indicating moderate risk. The CFS upgrade reflects improving capital quality – in part due continued reduction of deferred tax credits (DTCs) – alongside further strengthening of asset quality and loan-loss reserve (LLR) coverage. The rating is further underpinned by…