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Moody's Investors Service downgraded the ratings of the senior notes in three Greek ABS deals originated by Piraeus Bank to 'Ba1sf' from 'Baa2sf'.

The downgrades follow the transfer of the issuer accounts from Citibank to Piraeus Bank on April 15. The issuer had previously transferred the issuer accounts to Citibank as part of recent amendments to these transactions.

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