Moody’s raises Hellenic Bank’s rating, citing strong capital position

Credit rating agency Moody’s on Wednesday upgraded the baseline credit assessment (BCA) and adjusted BCA of Hellenic Bank , shifting its outlook from stable to positive .

Specifically, the agency raised the bank’s BCA from ba1 to baa3, its long-term deposit rating from Baa2 to Baa1, and its senior unsecured debt rating from Ba1 to Baa3.

The decision was based on a combination of factors, including Moody’s expectations that Hellenic