Capital Intelligence Ratings (CI) announced that it has affirmed the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating ((ST FCR) at ‘BB+’ and ‘B’,...
International credit rating agency DBRS Morning Star projects that the Cypriot economy’s growth rate will be at 4.3% in 2021 and will recede slightly at 4.1% in 2022.The projections are included in a...
08/09/2021
The government will continue supporting economic activity so that after the pandemic is over, positive growth rates that existed before will return, Finance Minister Constantinos Petrides said on...
06/09/2021
Moody's Investors Service has upgraded to Baa1 from Baa3 the ratings assigned to covered bonds issued by Bank of Cyprus Public Company Limited ("BoC" or the issuer, CRAssessment Ba3(cr)) under its...
27/07/2021
Rating Agency Moody’s has upgraded Cyprus’ long term credit rating by one notch to Ba1 assigning stable outlook, citing reduced exposure to event risks because of a decrease in banking sector risks,...
DBRS Morningstar rating agency, in a report points out that Cypriot banks substantially accelerated the reduction of their legacy NPEs in 2020. The NPE ratio dropped by 10 percentage points...
15/06/2021
DBRS Ratings GmbH (DBRS Morningstar) has confirmed the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low). At the same time, DBRS Morningstar confirmed the...
17/05/2021
Cyprus` €1 billion government loan guarantee scheme will be credit positive for banks as long as they control their lending, international rating agency, Moody’s, has said.In its last plenary session...
29/04/2021
Moody’s rating agency says that the decline in Cyprus nonperforming exposures (NPEs) by 43% despite the pandemic was credit positive. At the same time, the agency warns that any changes to the legal...
12/04/2021
Fitch rating agency affirmed Cyprus’ long-term sovereign rating at “BBB-” with a stable outlook, citing high sovereign debt and a weak banking sector as the main challenges facing the island’s...
29/03/2021