Capital Intelligence Ratings has upgraded Hellenic Bank’s foreign currency long-term rating to “BBB-” from “BB”, citing significant improvements in financial stability and capitalisation.
This took place on the same day when S&P Global Ratings upgraded Cyprus’ long-term credit rating to “A-” from “BBB+” with a stable outlook.
Regarding Hellenic Bank, the agency also upgraded its Standalone Rating (BSR) to “bbb-” from “bb” and the Core Financial Strength (CFS) rating to
