Low productivity and high private debt, as external risks increase, are the main challenges for Cypriot economy, as described in a report by the International Monetary Fund (IMF) Executive Board,...
Fitch Ratings has affirmed Bank of Cyprus Public Company Limited`s (BoC) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Positive Outlook and Viability Rating (VR) at `b-`, and has also affirmed...
International credit rating agency Capital Intelligence (CI) announced on Thursday that it has affirmed the long term and short-term ratings of Hellenic Bank (HB) at ‘BB-’ and ‘B’, respectively.The...
22/11/2019
Rating agency DBRS has changed the trend for the Cypriot economy to positive from stable while maintaining its Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low), citing the...
18/11/2019
Fitch Ratings has revised Bank of Cyprus Public Company Limited`s (BoC, B-/Positive/B) conditional pass-through (CPT) mortgage covered bonds` Outlook to Positive from Stable and affirmed the rating...
17/10/2019
Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the...
23/09/2019
International credit rating agency DBRS has said that Cyprus is among a group of European countries in which the outstanding mortgage debt as a percentage of GDP has shrunk between 2008 and the...
05/09/2019
Fitch Ratings has said that it has downgraded Bank of Cyprus `long-term senior unsecured debt rating to `CCC` from `B-` and Recovery Rating to `RR6` from `RR4`. The bank`s other ratings are...
24/06/2019
DBRS rating agency says that Cyprus faces significant credit challenges related to still sizable non-performing exposures (NPEs) in the banking sector, high levels of private and public sector debt,...
21/05/2019
Rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at `BBB-` maintaining with a Stable Outlook.In its rationale, the agency, noted that Cyprus`s ratings...
15/04/2019