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...
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
Capital Intelligence Ratings (CI Ratings or CI) announced Friday that it has affirmed the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR...
22/03/2021
The Cyprus government will continue to support economic activity, in order for employment and public finances to return to growth in the aftermath of the pandemic, said Finance Minister Constantinos...
08/03/2021
Cyprus`s may target a wider deficit in 2021 than we had previously expected, but fiscal performance should still be strong relative to regional and ratings peers, Fitch Ratings has said.Commenting on...
04/02/2021
Fitch Ratings has affirmed Bank of Cyprus Public Company Limited`s (BoC) Long-Term Issuer Default Rating (IDR) at `B-` and Viability Rating (VR) at `b-` with a negative outlook.According to Fitch,...
01/02/2021
Moody’s rating agency says that the new sale of a bad loan portfolio by the Bank of Cyprus, puts the bank in a better position to deal with an inflow of new NPEs arising from the coronavirus-induced...
21/01/2021