Moody's Changes Ratings for Greek Banks

Moody's Ratings has announced new ratings for Greek banks, affecting deposit ratings, senior unsecured debt, and issuer creditworthiness.

The changes are linked to new European regulations approved in March 2026, which strengthen depositor protection in the event of bank resolution.

Deposits: Piraeus Bank was upgraded, while Eurobank, National Bank of Greece, and Alpha Bank maintained their ratings with a stable outlook. Optima Bank maintained its rating but with an improved outlook to positive.

Senior Unsecured Debt and Issuers: Piraeus Bank, Alpha Bank, and Optima Bank maintained a stable outlook. Eurobank and National Bank of Greece saw their outlook change to negative.