Moody's assigns Ca(hyb) to Piraeus Financial Holdings' upcoming Additional Tier 1 (AT1) issue
Rating Action: Moody's assigns Ca to Piraeus Financial Holdings' upcoming Additional Tier 1 issue. Global Credit Research- 08 Jun 2021. Limassol, June 08, 2021-- Moody's Investors Service has today assigned Ca rating to Piraeus Financial Holdings S.A.' s upcoming Additional Tier 1 capital instrument.Piraeus Bank is a banking institute. Co. and its subsidiaries provide services in the Southeastern Europe, Egypt, as well as Western European markets. Co. and its subsidiaries operate in four main business segments: Retail Banking, which includes the retail banking facilities; Corporate Banking, which includes facilities related to corporate banking; Investment Banking, which includes activities related to investment banking facilities of Co. and its subsidiaries, including investment and advisory services, underwriting services and public listings, and stock exchange services; and Asset Management and Treasury, which includes asset management facilities for clients.
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