Rating Agency Standard and Poor’s revised Bank of Cyprus’, the country's largest lender outlook to positive from stable, following a new NPL transaction titled “Helix 3” which would reduce the banks...
The Cypriot economy has so far proven to be more resilient to the coronavirus crisis than initially expected, DBRS Morningstar says in a commentary on Thursday. It also notes that compared with other...
DBRS Morningstar confirmed Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low) and changed the trend to Positive from Stable. At the same time, DBRS Morningstar confirmed...
The S&P Global Ratings reaffirmed RCB Bank long- and short-term credit ratings at “BB-/B”, on the back of sustainable asset quality and strong capitalisation position, with stable outlook....
International rating agency Fitch has affirmed Cyprus long-term credit rating at BBB- maintain a stable outlook, noting that Cyprus` institutional strength and its record of robust economic growth...
Capital Intelligence Ratings (CI) announced that it has affirmed the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating ((ST FCR) at ‘BB+’ and ‘B’,...
International credit rating agency DBRS Morning Star projects that the Cypriot economy’s growth rate will be at 4.3% in 2021 and will recede slightly at 4.1% in 2022.The projections are included in a...
The government will continue supporting economic activity so that after the pandemic is over, positive growth rates that existed before will return, Finance Minister Constantinos Petrides said on...
Moody's Investors Service has upgraded to Baa1 from Baa3 the ratings assigned to covered bonds issued by Bank of Cyprus Public Company Limited ("BoC" or the issuer, CRAssessment Ba3(cr)) under its...
Rating Agency Moody’s has upgraded Cyprus’ long term credit rating by one notch to Ba1 assigning stable outlook, citing reduced exposure to event risks because of a decrease in banking sector risks,...