21112018Headline:

Fitch upgrades Alpha Bank covered bonds to BB+ from BB- with a stable outlook

The Fitch rating agency on Thursday upgraded Alpha Bank’s mortgage covered bond programme to BB+ from BB- with stable outlook.

According to the rating agency, it had initially placed the programme on Ratings Watch Positive (RWP) after Greece’s upgrade to BB- from B on August 10 and the revision of the country ceiling.