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Moody's affirms Piraeus Bank
Moody's Investors Service said it affirmed Piraeus Bank's Caa2 deposit and debt ratings with a negative outlook.
Moody's also withdrew the Agricultural Bank of Greece's Caa2 deposit and debt ratings.
These actions follow Piraeus Bank's acquisition of the healthy assets and liabilities of the Agricultural Bank of Greece, which is undergoing liquidation, the agency said.
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