S&P downgrades four Greek banks to ‘Selective Default’

FXStreet (Córdoba) – Standard & Poor’s rating agency cut four banks to SD (Selective Default) following restrictions imposed on deposits.

The banks are Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank. S&P believes the default of Greek banks is virtually certain unless unexpected additional support materializes.

Standard & Poor’s rating agency cut four banks to SD (Selective Default) following restrictions imposed on deposits.

(Market News Provided by FXstreet)