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Fitch Upgrades Hellenic Bank to ‘BBB-‘ with stable outlook

Fitch Ratings has upgraded Hellenic Bank’s Long-Term Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’, with stable outlook and its Viability Rating (VR) to ‘bbb-‘ from ‘bb+’.

According to Fitch, the upgrade mainly reflects the upgrade of Cyprus’s sov…