S&P Downgrades Four Greek Banks to 'CCC', Outlook Negative

BUCHAREST (Romania), June 15 (SeeNews) - Global rating agency Standard & Poor's said on Wednesday it lowered its long-term counterparty credit ratings to 'CCC' from 'B' on four Greek banks - the National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, and Piraeus Bank. "We have also affirmed our 'C' short-term ratings on the banks and our 'CCC-' issue ratings on their hybrid securities," S&P said in a statement.