Alpha Bank
Upgrade by Moody's to investment grade with positive outlook
The long-term and short-term deposit ratings of Alpha Bank were upgraded by Moody's to "Baa3/P-3" from "Ba1/NP," with a positive outlook for long-term deposits.
Vassilios Psaltis, CEO Alpha Bank
Moody's upgraded Alpha Bank 's long-term and short-term deposit ratings to "Baa3/P-3" from "Ba1/NP", with the outlook for long-term deposits remaining positive.
The bank's BCA is upgraded to 'ba2' from 'ba3', while its senior unsecured debt rating is upgraded to Baa3 from Ba2 (by two notches).
Alpha Bank's BCA is upgraded to 'ba2' from 'ba3', taking into account the bank's further progress in reducing its NPLs to 6% of gross loans in March 2024, from 7.6% in March 2023.
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