Solvency
Moody's downgrades five Greek banks
The uncertain outcome of Greece?s standoff with its creditors prompted Moody?s Investors Service to downgrade the ratings on five lenders, citing the reduced likelihood of state support, and said it may cut again.
New York-based Moody?s reduced National, Piraeus and Alpha one level to Caa2 from Caa1, it said in a statement on Monday.
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