Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring. The...
International rating agency DBRS Morningstar projects that the growth rate of the Cyprus economy for this year will remain at 2.1%, according to figures it published on Friday in its June 2023 update...
03/07/2023
International rating agency, Fitch, on Friday affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' assigning a Stable Outlook, assuming that fiscal surpluses will continue...
19/06/2023
Moody's Investors Service has assigned a B3(hyb) rating to Bank of Cyprus Holdings Public Ltd Company's (Bank of Cyprus Holdings) upcoming Additional Tier 1 (AT1) capital instrument.According to a...
14/06/2023
Credit rating agency DBRS highlighted the different journeys taken by Cyprus and Greece in addressing their non-performing loans (NPLs), in a report published on Friday.DBRS points out that Greece...
09/06/2023
While Cyprus’ economic growth is expected to remain strong, the economic and the fiscal outlooks are exposed to significant downside risks, DBRS Morningstar said in a Commentary on the country’s new...
05/05/2023
Cyprus is among the “potential rising stars” whose credit rating will be upgraded to investment grade, international rating agency Moody’s has said.In its bi-weekly “Credit Outlook” bulletin, Moody’s...
03/05/2023
S&P Global Ratings (S&P) revised the outlook for Bank of Cyprus to positive from stable, citing the easing of funding risks, a diversified business model and substantial progress in de-...
26/04/2023
DBRS Morningstar confirmed on Friday the Republic of Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB and the Short-Term Foreign and Local Currency – Issuer Ratings at R-2 (high...
03/04/2023
Moody’s rating agency retains stable outlook on Cyprus’ banking system.According to a report issued today, despite elevated inflation and higher interest rates that will dampen both economic activity...
29/03/2023