The Government has welcomed the positive statement of Moody’s credit rating agency on Cyprus’ return to the international financial markets. Through this development “the Republic of Cyprus has...
The government has welcomed the upgrade by the Dominion Bond Rating Service (DBRS) of Cyprus’ long-term foreign and local currency issuer ratings from CCC to B (low), which was announced on 27 June...
30/06/2014
Fitch Ratings described Cyprus` return to the international capital markets as positive, noting however that this does not mean that market access will be permanent as risks to the Cypriot economy`s...
20/06/2014
Fitch Ratings has maintained the `B` rating of the mortgage covered bonds issued by Bank of Cyprus on Rating Watch Negative (RWN), although the covered bond programme benefits from an IDR uplift of `...
03/04/2014
Signs of stabilization are emerging in the banking sector, however, the outlook remains challenging, with rising unemployment, falling credit, and increasing non-performing loans, IMF says in its...
02/04/2014
Moody’s ratings agency has changed the outlook on Cyprus`s Caa3 government bond rating to positive from negative, as a result of the better-than-expected economic and fiscal performances of the...
24/03/2014
The Government has welcomed the upgrading of the viability ratings of Cypriot banks by Fitch on Thursday. In a written statement, Deputy Government Spokesman Victoras Papadopoulos said it was a “...
07/03/2014
Fitch Ratings has affirmed Bank of Cyprus Public Company Ltd (BoC) and Hellenic Bank Public Company Limited's (HB) Long-Term Issuer Default Rating (IDR) at 'RD'. Fitch has also upgraded the banks'...
Fitch Ratings has maintained the Bank of Cyprus’ covered bonds ‘B’ rating on negative watch. Fitch is “continuing to monitor the impact of the current economic environment on the performance of the...
05/03/2014
Fitch Ratings announced Tuesday that it expects downward pressure on covered bond ratings to ease in 2014 due to the stabilisation of sovereign rating outlooks. However, it says that most covered...
18/12/2013