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Wednesday, October 24, 2012

TEXT-S&P affirms Greece-based Piraeus Bank at 'CCC/C', outlook neg


TEXT-S&P affirms Greece-based Piraeus Bank at 'CCC/C', outlook neg
Reuters
Oct 24 -. Overview. -- On Oct. 19, 2012, Piraeus Bank announced the acquisition of Geniki Bank from Societe Generale. -- We believe the acquisition will have a limited impact on Piraeus' credit profile, given Geniki Bank's small size and the pre ...


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