Standard & Poor’s Global Ratings affirmed Friday its `BBB-/A-3` long- and short-term foreign and local currency sovereign credit rating on Cyprus with a stable outlook.According to the report,...
Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs as well as weaker external...
18/02/2020
Moody`s has described as a credit positive the fact that Cyprus` Central Bank Governor expects that two largest banks on the island to sell a significant portion of problem loans.Moody`s says that on...
Low productivity and high private debt, as external risks increase, are the main challenges for Cypriot economy, as described in a report by the International Monetary Fund (IMF) Executive Board,...
10/12/2019
Fitch Ratings has affirmed Bank of Cyprus Public Company Limited`s (BoC) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Positive Outlook and Viability Rating (VR) at `b-`, and has also affirmed...
International credit rating agency Capital Intelligence (CI) announced on Thursday that it has affirmed the long term and short-term ratings of Hellenic Bank (HB) at ‘BB-’ and ‘B’, respectively.The...
22/11/2019
Rating agency DBRS has changed the trend for the Cypriot economy to positive from stable while maintaining its Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low), citing the...
18/11/2019
Fitch Ratings has revised Bank of Cyprus Public Company Limited`s (BoC, B-/Positive/B) conditional pass-through (CPT) mortgage covered bonds` Outlook to Positive from Stable and affirmed the rating...
17/10/2019
Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the...
23/09/2019
International credit rating agency DBRS has said that Cyprus is among a group of European countries in which the outstanding mortgage debt as a percentage of GDP has shrunk between 2008 and the...
05/09/2019