Bank of Cyprus’ latest sale of non performing exposures is credit positive, Moody’s rating agency says while pointing that weak asset quality remains the key credit challenge for Bank.Bank of Cyprus...
S&P Global Ratings on Thursday affirmed its `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BOC), maintaining a stable outlook, noting that the bank will be...
17/07/2020
S&P Global Ratings has published its annual report on RCB Bank, confirming its “BB-/B” long- and short-term counterparty credit ratings with stable outlook.According to a statement, this rating...
17/07/2020
Cyprus announced it will tap two existing bonds maturing in 2024 and 2040 for a minimum amount of €500 million, in a bid to replace more expensive debt expiring by end-2020 with cheaper debt. “The...
07/07/2020
The high level of loan payment holiday in Cyprus may shield the banks in 2020 but suggests that asset quality deterioration is “still very likely next year,” rating agency Moody’s has said.In its bi-...
06/07/2020
Moody’s Investors Service has published its updated credit analysis report on RCB Bank, highlighting its strong asset quality, low NPL and high capital adequacy ratios.RCB Bank’s rating by Moody’s...
22/05/2020
DBRS Ratings confirmed the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low) and changed the trend to Stable from Positive. At the same time, DBRS Morningstar...
18/05/2020
Fitch Ratings has downgraded Hellenic Bank Public Company Limited's (HB) Long-Term Issuer Default Rating (IDR) to 'B' from 'B+' and Viability Rating (VR) to 'b' from 'b+' and placed them both on...
08/04/2020
Fitch rating agency has changed the outlook for Cyprus to stable from positive, citing the impact of the coronavirus pandemic on the Cypriot economy and on Cyprus’s fiscal position.In a rating action...
06/04/2020
Standard & Poor’s Global Ratings affirmed Friday its `BBB-/A-3` long- and short-term foreign and local currency sovereign credit rating on Cyprus with a stable outlook.According to the report,...
09/03/2020