Fitch Ratings has placed Hellenic Bank ‘s Long-Term Issuer Default Rating (IDR) of `B` and Viability Rating (VR) of `b` on Rating Watch Positive (RWP), following the announcement on June 25, that the...
DBRS Ratings Limited (DBRS) has upgraded the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings from BB (low) to BB and maintained the Positive trend.DBRS also confirmed the...
29/05/2018
Banks in Cyprus, Greece and Portugal may need further reserve build-up, where coverage is not much above the EU average (44.5%), despite riskier market characteristics, says Fitch rating in a report...
13/04/2018
The international credit rating agency DBRS has expressed the point of view that without new measures to assist with the reduction of non - performing loans (NPLs) banks with high NPLs will remain in...
12/04/2018
Fitch Ratings has affirmed Bank of Cyprus`s (BoC) Long-Term Issuer Default Rating (IDR) at B-and Hellenic Bank`s (HB) Long-Term IDR at B. The Outlooks on both banks` Long-Term IDRs are Stable. Fitch...
Fitch Ratings has upgraded Bank of Cyprus` outstanding €650 million conditional pass-through (CPT) covered bonds to `BBB` from `BBB-` with a stable outlook, the international credit rating agency has...
28/03/2018
Moody`s Investors Service has placed on review with direction uncertain Cyprus Cooperative Bank`s Caa2 long-term, local and foreign currency deposit ratings and downgraded the bank`s baseline credit...
28/03/2018
Standard & Poor’s affirmed on Friday their `BB+/B` long-term and short-term foreign and local currency sovereign credit ratings on Cyprus, while noting that the outlook is positive. “Cyprus’...
19/03/2018
The strong economic growth – the highest growth rate since 2008 – is credit positive for Cypriot banks says Moody’s in its weekly credit outlook released Thursday, noting however that despite the...
15/03/2018
The positive outlook for the Cypriot banking system reflects Moody`s view that the fast-paced economic expansion will continue, supporting borrowers` repayment capacity, asset values and new lending...
14/03/2018