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Moody's cuts 6 Greek banks
Moody's Investors Service said it downgraded the deposit and debt ratings of six Greek banks.
National Bank of Greece SA was downgraded to Ba3 from Ba1, along with EFG Eurobank Ergasias SA to Ba3 from Ba1 and Alpha Bank AE to Ba3 from Ba1.
Piraeus Bank SA also was downgraded to Ba3 from Ba1, along with Agricultural Bank of Greece to B1 from Ba2 and Attica Bank SA to B1 from Ba2.
The outlook is negative.
The downgrades follow the recent downgrade of Greece's sovereign rating to B1 from Ba1 and a reassessment of some of the banks' standalone credit strength, Moody's said.
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