Moody's Investors Service has today confirmed RCB Bank Ltd.'s (RCB Bank) long-term deposit ratings at B1, with a negative outlook. Concurrently, Moody's has downgraded the bank's Baseline Credit...
Rating agency DBRS Morning Star left its baseline macroeconomic scenario unchanged for Cyprus but sees risk for deterioration especially for Europe following the Russia’s invasion in Ukraine and the...
28/03/2022
Fitch Ratings has affirmed Cyprus's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.According to a statement, Cyprus's rating is underpinned by governance...
21/03/2022
Cyprus may lose 1.5% to 2% of GDP in 2022 if the airspace with Russia remains closed throughout 2022, said DRBS Morningstar, noting that the war in Ukraine will impact negatively growth this year,...
14/03/2022
Moody`s Investors Service has today placed all of RCB Bank`s long-term ratings on review for downgrade, including its long-term deposit ratings of B1, citing “higher credit risk associated with RCB...
10/03/2022
Rating Agency Standard and Poor’s downgraded RCB bank’s long-term issuer credit rating to `B+` from `BB-` and placed its ratings on CreditWatch with negative implications, citing the impact from the...
10/03/2022
Rating agency, Standard and Poor’s affirmed Cyprus long-term credit rating at BBB- maintaining a positive outlook, noting that despite the crisis in Ukraine and possible spilovers due to the...
08/03/2022
Cyprus’ high overall indebtedness continues to limit Cypriot banks’ growth potential and elevates economic vulnerability, a credit negative for banks, according to Moody’s credit agency.On 25 January...
31/01/2022
The credit profiles of Cyprus’s two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings says. The agency expects Bank of...
14/01/2022
Moody’s has upgraded Bank of Cyprus key ratings citing “significant improvement” in asset quality following an agreement on non-performing loans that would drop the bank’s NPL ratio to single digits....
16/12/2021