Moody's Upgrades Outlook for National Bank of Greece and Eurobank
What happened
Moody's upgraded the outlook on the credit profiles of Eurobank and National Bank of Greece. The agency maintained the Baa1 rating but changed the outlook on long-term deposit ratings to positive from stable, and senior unsecured debt ratings to stable from negative. These changes were linked to a recent positive shift in the outlook on Greece’s sovereign rating.
From naftemporiki.gr
Why it matters
The upgrade has led to a significant increase in developed-market investor participation in Greece. Furthermore, the Athens Stock Exchange's return to developed-market status will include the four systemic banks in the FTSE All-World and STOXX Europe 600 indexes. The four systemic banks also confirmed they will pay interim dividends totaling at least €600 million.
From naftemporiki.gr
Who's involved
- National Bank of GreeceA major systemic Greek banking company whose credit profile outlook was upgraded.
- EurobankA Greek financial institution whose credit profile outlook was upgraded.
- GreeceThe sovereign state whose rating outlook change influenced the bank upgrades.
- Athens Stock ExchangeThe stock exchange whose return to developed-market status will include systemic banks in major indexes.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- GreeceSpeculative
Greece could see increased investment participation from developed-market investors.
- Alpha BankSpeculative
Alpha Bank could benefit from the boost in confidence and funding access for systemic Greek banks.
- Athens Stock ExchangeSpeculative
The Athens Stock Exchange could see increased demand for its listed stocks due to index inclusion.
Keep exploring
The entities involved
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National Bank of Greece
global Greek banking and financial services company
Nothing else this week.
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Greece
country in Southeast Europe
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Eurobank
bank in Belarus (2009–2015)
Related events
- Greece's bond yield is lower than France's, according to recent financial data.
- Greece and other nations faced debt rollover failures and shared debt refinancing risks on October 10, 2026.
- UK borrowing costs are higher than Greece and Italy, leading to criticism of the UK Chancellor's economic handling.
- MSCI assessed Indonesia's information flow and status, downgraded Greece from Developed to Emerging Market, and MSCI expressed serious concerns about Türkiye's market structure, while FTSE Russell raised transparency concerns.
- Greece's minister spoke at the International Monetary Fund annual meetings.