Moody’s downgraded the Cypriot banks earlier today due to the challenges from the Greek “haircut” and the difficult macroeconomic environment in Greece and Cyprus. The agency downgraded the Bank...
Finance Minister, Kikis Kazamias stated on Tuesday that Cyprus’s downgrade to junk by Moody’s is unfair and the rating is not based on the current condition of the economy. At the same time, he...
13/03/2012
“Moody’s downgrade is not justified. The negative parameters taken into account in its this rating are not different from the agency’s arguments in its last downgrade on November 4”, Finance...
13/03/2012
Moody’s downgraded Cyprus to junk on Tuesday due to the increased risk for a state support of the banking system equal to 5-10% of the Cypriot GDP. The agency downgraded Cyprus's government bond...
13/03/2012
Moody’s Investors Service downgraded earlier today six countries, placing the triple Aaa of Britain, France and Austria in negative outlook and maintaining the ratings of all remaining countries but...
14/02/2012
Fitch downgraded on Thursday three Cypriot banks by one notch since finding private capital to cover their capital needs until June will be difficult. Fitch doengraded the three banks to BB+ from...
The banks’ and the government’s moves will determine whether Fitch will downgrade or not Cyprus to junk in the next few months. The next day of downgrade to BBB- has raised concerns to the...
30/01/2012
Finance Minister, Kikis Kazamias confirmed on Thursday that banks are able to absorb the Greek shock without state support. Speaking in the sidelines of a press conference, Mr. Kazamias stressed...
26/01/2012
The government is preparing defence lines to avoid new downgrades, after the unexpected downgrade by Standard and Poor’s. Finance Minister and Central Bank Governor had a meeting yesterday to...
Christofias’ appeal to CB Governor, Athanasios Orphanides “to give instructions to the banks to cut rates” aroused strong feelings to DIKO Vice President, Nicolas Papadopoulos, who criticized the...
16/01/2012