InvestmentWatch

Limassol, June 05, 2012 — Moody’s Investors Service has today downgraded the deposit and debt ratings of Emporiki Bank of Greece S.A. (Emporiki) and General Bank of Greece (Geniki) to Caa2 from B3, with a negative outlook, reflecting risks emanating from the increasing probability of Greece exiting the euro area, as outlined in the special comment “Greek country ceiling reflects heightened risk of euro area exit” published on June 1, [...]