Fitch Ratings has upgraded Bank of Cyprus mortgage covered bonds to 'B' from 'B-'. The outlook remains stable and reflects the slower pace of underlying asset quality deterioration, compared with...
Moody's proceeded today to the upgrading of the mortgage covered bonds of Bank of Cyprus to Baa3 from B1. According to the credit agency's report, the upgrading follows the amendment of Bank of...
29/09/2015
The highest level of non-performing (NPL) ratio internationally seems to be the prime factor depriving Cyprus an investment rating despite its much improved financial and fiscal situation. According...
29/09/2015
The upgrade of Cyprus` long-term sovereign credit ratings to `BB-` from `B+` by the Standard and Poor`s credit rating agency is another important development that confirms the restoration of Cyprus`s...
26/09/2015
Fitch Ratings has upgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to 'CCC' from 'CC'. "The agreement reached between Greece and the European...
19/08/2015
Growth prospects in the euro area over the medium term are generally weak, rating agency Fitch said in a report. “The increase in eurozone second quarter GDP is consistent with our view that the...
18/08/2015
Non-performing loans of Cypriot banks may be near their peak, according to a report by Moody’s credit rating agency, which highlights the challenges still facing the local banking system. In a...
A report published on Wednesday by Moody's assigns a B3 rating to Cyprus government bonds. The rating reflects the government's high debt burden and a large stock of non-performing loans in the...
30/07/2015
The Bank of Cyprus will benefit from the sale of Uniastrum, , despite the €29 mn accounting loss and more than €700 million lost on the acquisition of the subsidiary bank in Russia, according to...
23/07/2015
Moody's credit rating agency downgraded Greece's government bond rating to Caa3 from Caa2 today and placed the rating on review for further downgrade. The agency attributed a negative outlook...
02/07/2015