Moody’s assigns ratings to Eurobank bonds

Moody’s Investors Service said it assigned ratings to the covered bonds transferred to Eurobank SA from Eurobank Ergasias SA, which were withdrawn.

The bonds rated Baa1 and Baa3 were assigned new Baa1 and Baa3 ratings, respectively, under Eurobank, the new legal entity that has taken over the core banking operations and the banking license of Eurobank Ergasias in Greece will assume the covered bonds that were previously issued by Eurobank Ergasias.

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