Fitch upgrades National Bank of Greece’s Program I mortgage covered bonds to B+
Fitch Ratings on Tuesday upgraded National Bank of Greece’s Program I mortgage covered bonds to B+ from B.
The outlook is negative.
The rating action follows the upgrade of Greece’s country ceiling to B+ from B, which was due to the receding risk of Greek exit from the eurozone, coupled with the demonstrable external market access of non-sovereign entities.
[Reuters]
