Moody’s rating agency says that the new sale of a bad loan portfolio by the Bank of Cyprus, puts the bank in a better position to deal with an inflow of new NPEs arising from the coronavirus-induced...
The new lockdown measures enforced in Cyprus will lead to increased challenges on bank asset quality as well as accelerated non-performing loans (NPLs) as negative impact outweighs benefit, Moody’s...
14/01/2021
DBRS Morning Star said it monitors the situation in Cyprus following the rejection of the 2021 state budget, pointing out the potential impact on the government’s ability to function, but also on the...
18/12/2020
The risks to southern European banks from widespread coronavirus-related loan moratoriums vary by country, Fitch Ratings says in a new report. The presence of government-guaranteed loans in Italy and...
11/12/2020
Moody's Investors Service, ("Moody's") has today assigned provisional (P)Caa2 long-term ratings to Bank of Cyprus Public Company Limited's (Bank of Cyprus) Senior Unsecured Non-Preferred (Junior...
18/11/2020
Moody’s Investors Service has published its updated credit analysis report on RCB Bank, highlighting its strong asset quality, low NPL and high capital adequacy ratios.RCB Bank’s rating by Moody’s...
17/11/2020
Rating Agency DBRS Morningstar confirmed Cyprus long term credit rating to BBB(low) maintaining a stable outlook, citing that the Cyprus economy exhibited a less than expected economic contraction...
16/11/2020
Moody's Investors Service has today affirmed all ratings and assessments of Bank of Cyprus Public Company Limited (Bank of Cyprus) and Hellenic Bank Public Company Ltd (Hellenic Bank), including...
Fitch Ratings has affirmed Bank of Cyprus Public Company Limited`s (BoC) Long-Term Issuer Default Rating (IDR) at `B-` and Viability Rating (VR) at `b-` and removed them from Rating Watch Negative (...
Fitch Ratings has affirmed Cyprus`s Long-Term Foreign-Currency Issuer Default Rating (IDR) at `BBB-` with a Stable Outlook.In a press release Fitch says that Cyprus`s rating balances its...
05/10/2020