Fitch on Friday said the EU Commission's "green light" this week to a plan, "Hercules", for reducing NPLs burdening systemic Greek banks' balance sheets was a credit positive event.
Fitch on Friday said the EU Commission's "green light" this week to a plan, "Hercules", for reducing NPLs burdening systemic Greek banks' balance sheets was a credit positive event.
The ratings agency forecasts that implementation of the plan will reduce NPLs, which, as it noted, today impede banks' capital, profitability and their capacity to extend credit.