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Alpha Group Jersey Limited -- Moody's takes positive rating actions on Greek banks

Moody's Investors Service (Moody's) has today upgraded the long-term deposit ratings of National Bank of Greece S.A., Alpha Bank AE and Eurobank Ergasias S.A. to Caa1 from Caa2, affirmed Piraeus Bank S.A.'s and Pancretan Cooperative Bank Ltd's long-term deposit rating at Caa2, and also affirmed Attica Bank S.A.'s long-term deposit rating at Caa3. The rating agency has also upgraded the long-term counterparty risk assessments (CRA) of Piraeus Bank S.A., National Bank of Greece S.A., Alpha Bank AE and Eurobank Ergasias S.A. to B2(cr) from B3(cr), upgraded the CRA of Attica Bank S.A. to B3(cr) from Caa1(cr), and affirmed the CRA of Pancretan Cooperative Bank Ltd at B3(cr).