Capital Intelligence affirms Hellenic’s B+ rating, revises outlook to positive

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Capital Intelligence affirms Hellenic’s B+...
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By Stelios Orphanides

Capital Intelligence, the Limassol-based rating company, said that it affirmed Hellenic Bank’s B+ financial strength rating and placed it on positive outlook citing an expected decline in bad debts resulting from economic recovery.

“The financial strength rating is primarily supported by very strong liquidity and sound capital adequacy,” Capital Intelligence said in an emailed statement on Tuesday. “Both strengths mitigate the bank’s very weak asset quality and profitability and provide a buffer against downside risks, as well as the means for generating...


Capital Intelligence affirms Hellenic’s B+ rating, revises outlook to positive


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