Ref: CY005 20 CRA00-1 28 June 20 21
Hellenic Bank’s 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 Short-Term Foreign Currency Rating ( ST FCR ) of Hellenic Bank (HB) at ‘ BB-’ and ‘B’, respectively. At the same time, CI Ratings has affirmed HB ’s Bank Standalone Rating ( BSR ) of ‘bb-’. The Outlook for the LT FCR and BSR remains Stable.
The Bank’s BSR is derived from a C ore F inancial Strength (CF S ) rating of ‘bb-’ and an Operating Environment Risk Anchor ( OPERA ) of ‘bb-’, the latter reflecting moderate economic and industry risks. The LT FCR is set at the same level as the BSR as it is uncertain whether extraordinary support would be forthcoming from the authorities in the event of financial distress. Our support…