Alpha Bank AE -- Moody's downgrades five Greek Banks; ratings on review for further downgrade

Rating action follows decision to review Greece's Caa1 sovereign ratingLimassol, February 09, 2015 -- Moody's Investors Service has today downgraded the long-term deposit and senior debt ratings of five Greek banks: Piraeus Bank SA (to Caa2 from Caa1), National Bank of Greece SA (to Caa2 from Caa1), Alpha Bank AE (to Caa2 from Caa1), Eurobank Ergasias SA (to Caa3 from Caa2) and Attica Bank SA (to Caa3 from Caa2). All ratings were placed on review for further downgrade. The rating actions follow Moody's decision to place Greece's Caa1 sovereign rating on review for downgrade on 6 February 2015: https://www.moodys.com/research/--PR_317662 .

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