Fitch Ratings has upgraded the National Bank of Greece's (NBG, 'B-'/Stable/'B'), Piraeus Bank's (Piraeus, 'B-'/Stable/'B'), Alpha Bank's (Alpha, 'B-'/Stable/'B') and Eurobank Ergasias' (Eurobank, 'B-'/Stable/'B') Greek mortgage covered bonds and assigned a Negative Outlook, it said.
Greek prime minister Antonis Samaras has hailed revived interest in the country's bonds and stocks as a "Greekovery" to replace last year's "Grexit" catchphrase, Reuters reported.
Greece's foreign lenders kept the country's privatisation revenue target of 2.6 billion euro for the year, and left the country's overall debt outlook unchanged from a previous assessment, Reuters reported.
Fitch Ratings said it upgraded four Greek banks' Long-Term Issuer Default Ratings (IDRs) to 'B-' from 'CCC', Short-term IDRs to 'B' from 'C' and Viability Ratings (VR) to 'b-' from 'f'.
Greece's FBBank was split into "good" and "bad" parts, as local lender NBG absorbed the bank's healthy operations, the country's central bank said on Saturday, as quoted by Reuters.