Fitch Ratings holds a mixed view on the prospects of southern Europe banks for 2014, noting that the funding and liquidity profiles of banks in southern Europe have generally stabilised, with the...
Fitch ratings agency expects that Cyprus’ output will contract by around 5% in 2015 and 1.5% in 2016 and not return to growth until 2017. It expects the recession to be deeper and the downturn to...
12/11/2013
Despite the haircut on deposits of €5.8 billion, Cyprus is still facing a risk of fiscal derailment due to recession. This is what Fitch said, placing Cyprus's Long-term foreign and local currency...
Moody's Investors Service has today downgraded Cyprus's government bond rating to Caa3 from B3, and the outlook on the rating is negative. The agency updated stress test analysis suggests that the...
11/01/2013
This year might signal the start of a gradual recovery of the euro area economy, Standard and Poor’s estimates. Although the report does not make specific reference to Cyprus, it raises...
10/01/2013
Standard & Poor's Ratings Services said today that it lowered its long-term sovereign credit rating on the Republic of Cyprus to 'B' from 'BB'. At the same time, we affirmed our short-term...
18/10/2012
Moody's Investors Service has today downgraded Cyprus's government bond ratings to B3 from Ba3, and has assigned a negative outlook to the ratings, stressing that the three largest Cypriot banks will...
09/10/2012
Chairman and owner of Alfa Mega Super Markets, Andreas Papaellinas sounded the alarm for a collapse of the private sector and urged the authorities to immediately conclude negotiations with troika...
28/09/2012
Standard and Poor's is currently in Cyprus to evaluate the island’s economy. Yesterday, the team had a meeting with Central Bank officials and today with Finance Minister Vassos Shiarly. S&P...
26/09/2012
Standard & Poor's Ratings Services said today it has lowered its long-term sovereign credit rating on the Republic of Cyprus to 'BB' from 'BB+'. At the same time, we affirmed our short-term...
02/08/2012