TEXT-Fitch affirms Revolver 2008-1 at 'B-sf', off RWN
March 23, 2012 at 12:27 PM EDT
March 23 - Fitch Ratings has affirmed Revolver 2008-1 PLC's EUR1bn Class A notes at 'B-sf' and removed them from Rating Watch Negative. The Outlook is Stable. The transaction is backed by a pool of Greek consumer loan and credit card receivables originated by National Bank of Greece (NBG;'B-'/Stable/'F3'). The rating action reflects the affirmation of NBG (see 'Fitch Affirms 4 Greek Banks at 'B-'/Stable; Maintains ATEbank on RWN on Greek Debt Exchange' dated 20 March 2012 at www.fitchratings.