International credit rating firm, Moody’s Ratings, remains positive for the Cypriot banks. In separate analyses for each bank released on Monday, Moody’s referred to the positive course of the banks...
In a report dated January 7, Keefe Bruyette & Woods (KBW) said that they are downgrading the sector to Underweight as they expect European economic growth to slow in 2008. However, KBW...
According to Deutsche Bank, “one scenario is that funding conditions will improve in early 2008, global growth will hold up, and that corporate credit quality (thanks to strong balance sheets) will...
04/01/2008
The EMU accession led the international credit rating firm, Moody’s, to upgrade Cyprus and Malta. The firm announced that it upgraded the foreign and local currency government bond ratings of Cyprus...
04/01/2008
Fitch Ratings has today upgraded Hellenic Bank's (HB) Individual rating to 'C/D' from 'D,' which reflects the bank's improving profitability and asset quality, the good local franchise and adequate...
19/12/2007
In its latest report, UBS raised the rating of Marfin Investment Group (MIG) to Buy from Neutral and maintained its PT of €7.2. “We anticipate the current NAV at €6.8 suggesting a discount to NAV of...
28/11/2007
According to Banker magazine, Marfin Popular Bank is the bank of the year in Cyprus. “The merger of Marfin Financial Group, Laiki Group and Egnatia Bank is a landmark deal that has positioned Marfin...
27/11/2007
HSBC Pantelakis announced on Tuesday the initiation of the coverage of Bank of Cyprus with an Overweight rating and a target price of EUR15/share. According to the report, “Bank of Cyprus is the key...
27/11/2007
In their report dated November 23, Keffe, Bruyette & Woods (KBW) reiterated their Outperform rating and increased their target price of Marfin Popular Bank to €12.7 from €12.0. KBW referred to...
26/11/2007
In its latest report, international credit rating firm Moody’s said that the credit outlook for rated Cypriot banks is stable, reflecting the ongoing restructuring of their domestic operations, their...
26/11/2007