S&P affirms 'CCC/C' Ratings on NBG with Outlook Negative.
Doesn't anticipate Bank of Greece capital increase will create
sufficient cushion.
It expects that the Hellenic Financial Stability Fund will be willing and
able to provide capital support to NBG.
Its negative outlook for NBG reflects the possibility of a downgrade
in the next 18 to 24 months.
Final decision on capital increase will be decided in a Extraordinary
Meeting on May 10.
Doesn't anticipate Bank of Greece capital increase will create
sufficient cushion.
It expects that the Hellenic Financial Stability Fund will be willing and
able to provide capital support to NBG.
Its negative outlook for NBG reflects the possibility of a downgrade
in the next 18 to 24 months.
Final decision on capital increase will be decided in a Extraordinary
Meeting on May 10.
