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Investing.com -- Fitch Ratings has increased the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (HB) to ’bbb-’ from ’bb+’. The rating action was announced on Friday, April 4, 2025.
The upgrade comes in the wake of the revision of Eurobank S.A.’s Long-Term Issuer Default Rating (IDR) to ’BBB-’ from ’BB+’ on April 1, 2025.
Despite the change in SSR, Hellenic Bank’s Long-Term IDR remains at ’BBB-’ with a positive outlook. This rating is primarily driven by the bank’s Viability Rating of ’bbb-’, and other ratings of the bank remain unchanged.
The key factors driving the rating for Hellenic Bank are those detailed in Fitch’s rating action commentary published on March 17, 2025. This commentary included the revision of Hellenic Bank’s outlook to positive while affirming its ’BBB-’ rating.
The factors that could potentially lead to a downgrade or an upgrade of Hellenic Bank’s rating are also outlined in the same commentary published on March 17, 2025. These factors could individually or collectively influence future rating actions.
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