The credit profiles of Cyprus’s two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings says. The agency expects Bank of...
Moody’s has upgraded Bank of Cyprus key ratings citing “significant improvement” in asset quality following an agreement on non-performing loans that would drop the bank’s NPL ratio to single digits....
16/12/2021
Fitch credit rating agency has revised the outlook for Bank of Cyprus and Hellenic Bank to positive from negative, citing the expected improvements in asset quality due to the announced sales of non-...
16/12/2021
Rating Agency Standard and Poor’s revised Bank of Cyprus’, the country's largest lender outlook to positive from stable, following a new NPL transaction titled “Helix 3” which would reduce the banks...
19/11/2021
The Cypriot economy has so far proven to be more resilient to the coronavirus crisis than initially expected, DBRS Morningstar says in a commentary on Thursday. It also notes that compared with other...
18/11/2021
DBRS Morningstar confirmed Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low) and changed the trend to Positive from Stable. At the same time, DBRS Morningstar confirmed...
25/10/2021
The S&P Global Ratings reaffirmed RCB Bank long- and short-term credit ratings at “BB-/B”, on the back of sustainable asset quality and strong capitalisation position, with stable outlook....
20/10/2021
International rating agency Fitch has affirmed Cyprus long-term credit rating at BBB- maintain a stable outlook, noting that Cyprus` institutional strength and its record of robust economic growth...
27/09/2021
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’,...
20/09/2021
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