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Fitch ups Eurobank, NBG programs
Fitch Ratings said it upgraded the long-term ratings on Eurobank Ergasias SA’s and National Bank of Greece SA's (NBG) government-guaranteed debt programs to B- from CCC.
The agency also upgraded the short-term rating on Eurobank's government-guaranteed debt program to B from C.
Fitch said the action follows the upgrade of Greece's long-term foreign-currency issuer default rating to B- and short-term foreign-currency issuer default rating to B on Aug. 18.
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