Hellenic Bank's Long Term foreign currency rating revised to b-

Capital Intelligence (CI), the international credit rating agency announces that it has revised Hellenic Bank's (HB's) Long and Short-Term Foreign Currency Ratings (FCR) to 'b-' and 'b', respectively.

The rating was downgraded from from 'SD' (selective default) and the rating action reflects the removal of cash withdrawal restrictions on Cypriot banks.