Saturday August 23, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Moody’s: NBG bond amendment has no impact on rating

Moody’s announced on Friday there is no rating impact on National Bank of Greece’s covered bonds following an amendment to the bond transaction documents.

The amendment will allow bondholders of any series to sell a pro rata share of the cover pool after the issuer has defaulted or following an extension of the relevant series.

In case the sale proceeds are not sufficient to completely redeem the relevant series, the remaining assets will exclusively back the other series, and the bondholders which opted for a sale have no claim on these assets backing the other series.

Moody’s has determined that the amendment, in and of itself and at this time, will not result in the downgrade or withdrawal of the ratings currently assigned to the covered bonds.

However, Moody’s opinion addresses only the credit impact associated with the proposed amendment, and Moody’s is not expressing any opinion as to whether the amendment has, or could have, other non-credit related effects that may have a detrimental impact on the interests of note holders and/or counterparties.

[Reuters]

ekathimerini.com , Friday May 23, 2014 (18:28)  
External factors threatening Greek recovery
Vodafone to buy 73 pct more of Hellas Online for 73 mln euros
Tourist road arrivals head for new record
OAEE ups pressure for unpaid fees
New Democracy should look to center ground, says Mitsotakis
Administrative Reform Minister Kyriakos Mitsotakis expressed opposition on Friday to New Democracy’s apparent plans to bring back into the fold politicians who had left the party in the past...
Education Ministry says almost 180,000 tertiary students ´stagnant´
A total of 178,458 people have failed to complete their tertiary education studies but are still registered as students, the Education Ministry said on Friday. According to the ministry, 139...
Inside News
West Brom sign Greek international striker Samaras
West Bromwich Albion have signed Greece striker Georgios Samaras on a two-year contract following his release from Scottish champions Celtic, the English Premier League club said on Friday. ...
SOCCER
Panathinaikos, Asteras Tripolis notch up vital wins in Europa League
Thursday proved a very productive night for two of the three Greek teams performing in the Europa League as Panathinaikos and Asteras Tripolis secured vital wins in the first legs of their p...
Inside Sports
COMMENTARY
On steroids
Bodybuilders are in a league of their own. They rarely make headlines for their achievements, their performance, or being role models. In contrast, they’re more likely to make the news due t...
EDITORIAL
Time to kick a stupid habit
Official figures indicate that tax dodging continues unabated across Greece’s tourist areas. According to data made available by the Finance Ministry following checks conducted between July ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. New Democracy should look to center ground, says Mitsotakis
2. Education Ministry says almost 180,000 tertiary students ´stagnant´
3. Hardouvelis ready to make changes to property tax after MP talks
4. Ancient Amphipolis tomb unlikely to have been looted, says lead archaeologist
5. Anti-terrorism squad called in after 300,000-euro bank robbery
6. External factors threatening Greek recovery
more news
Today
This Week
1. Aftershocks rattle Halkidiki after strong 5-Richter quake
2. Coast guard intercepts 180 migrants in Aegean in two days
3. Greek peach farmers await Brussels decision on compensation
4. Avramopoulos, Hagel hammer out 'roadmap' of defense cooperation
5. Hardouvelis hears grievances of coalition MPS to unified property tax bill
6. Spanish government bonds rise with Italy's before Draghi speech
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. The magical mountain
3. Merkel cites euro’s ‘construction flaws’ as economy sputters
4. Greek stock recovery fading away as ASE falls 21 pct on valuations
5. Brussels warns Greece over plans to allow construction near Korinos beach
6. Second man held over double murder in Mani
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.