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GREECE - Factors to Watch on October 26

Mon Oct 26, 2009 3:50am EDT

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ATHENS, Oct 26 (Reuters) - Here are news stories, press reports and events which may affect Greek financial markets on Monday:

Japan  |  Financials

FITCH TAKES RATING ACTION ON 5 GREEK BANKS AFTER SOVEREIGN DOWNGRADE

Fitch Ratings has taken various rating actions on five Greek banks -- ATEbank (AGBr.AT), National Bank (NBGr.AT), Alpha Bank (ACBr.AT), Eurobank (EFGr.AT) and Piraeus Bank (BOPr.AT) -- and downgraded government guaranteed debt following the agency's downgrade of Greece's sovereign ratings on 22 October. [ID:nWLA6456]

UBS RAISES CCHELLENIC PRICE TARGET TO 17.5 EUROS

UBS raised Coca-Cola Hellenic's (HLBr.AT) price target to 17.5 from 16 euros, with a 'neutral' rating. [ID:nWNAB3957]

GREECE CONSIDERS SETTING CEILING ON CREDIT CARD RATES

The Greek government is mulling an upper limit on credit card interest rates, following the European model that links the credit card rate to the average rate of euro zone members plus a premium, financial daily Imerisia reported, citing unnamed sources.

www.imerisia.gr

EUROPEAN SHARES SET FOR FLAT OPEN

European shares were set for a flat open on Monday, after a sharp decline on Wall Street on Friday, but with Japan hitting a four-week closing high. [ID:nLM582284]

GREEK RED TAPE TRAPS GREEN ENERGY- INDUSTRY

Greece, one of Europe's most windy and sunny countries, risks missing its green energy targets and losing billions of euros in investment because of bureaucratic obstacles, a top industry player said on Friday. [ID:nLM81801]

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For other related news, double click on: ---------------------------------------------------------- EUR Money Guide <EUR/1> Greek Debt News [DBT-GR] Greek Equities Guide <GR/EQUITY> Greece's Debt <GR/DEBT> Greek Economic Indicators [ECI-GR] Government Debt <GR/GOVT> Greek Stock News [STX-GR] Greek Money News [M-GR] Greek Exchange Info <GR/EXCH1> ---------------------------------------------------------

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