Moody’s proceeded with the upgrade of four Greek covered bond programs.

These bonds include mortgage covered bonds issued by Alpha Bank under its direct issuance covered bond program that were upgraded to B1 from B3; mortgage covered bonds issued by Eurobank Ergasias under its covered bond program I that were upgraded to B1 from B3; mortgage covered bonds issued by National Bank of Greece under its global covered bond program that were upgraded to B1 from B3 and finally mortgage covered bonds issued by National Bank of Greece under its covered bond program II that were upgraded to Ba3 from B3.