President, minister welcome ratings upgrades
The fact that two ratings agencies either improved or kept the same rating for Cyprus was welcomed on Saturday with “particular satisfaction” by Finance Minister Makis Keravnos.
Both Moody’s ...
Fitch confirms Cyprus credit rating at ‘A-’
The international credit ratings agency Fitch confirmed on Saturday Cyprus’ long-term rating at ‘A-’ with a stable outlook, citing strong public finances, falling debt levels and steady economic growth.
The ...
Fitch upgrades Cyprus’ credit rating to A-
Credit rating agency Fitch on Saturday upgraded Cyprus’ credit rating from BBB+ to A-, becoming the second such agency in the space of three weeks to give the island an ‘...
Cyprus moving forward, creating hope says President
President Nikos Christodoulides on Saturday welcomed Cyprus’ revised long-term rating from stable to positive by international ratings agency Fitch, saying it was an acknowledgment of the government’s planning.
He ...
Fitch upgrades Hellenic Bank’s credit rating
International credit rating agency Fitch Ratings upgraded Hellenic Bank’s long-term credit rating from “BB-“ to “BB+” on Friday.
At the same time, the agency also set the bank’s ...
Fitch Ratings: Positive outlook for Cypriot banks in second half of 2023
Fitch Ratings on Monday released a new report stating that the stable quality of Cypriot banks’ assets in the second half of 2023 will be supported by positive prospects for the ...
Economic growth projection for Cyprus upped
International rating agency Fitch has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB, assigning a Stable Outlook, assuming that fiscal surpluses will continue despite economic slowdown, whereas the ...
Fitch upgrades Cyprus’ rating, sees resilience from external shocks
International rating agency Fitch, has upgraded Cyprus’ long-term credit rating by one notch to ‘BBB’ with a stable outlook citing, outperformance of fiscal balance and growth rate as the economy ...
Fitch upgrades BoC citing NPE reduction, Cypriot economy resilience
Global ratings agency Fitch this week announced that it has upgraded the Bank of Cyprus’ Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘B-‘ and Viability Rating (VR) to ‘b+’ ...
Fitch affirms Cyprus’ at BBB- with stable outlook but some risks
Fitch Ratings has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook saying the rating was underpinned by governance indicators and GDP per capita levels ...
Cypriot banks kept on positive outlook by Fitch Ratings
Fitch Ratings on Tuesday said that the ratings of the Bank of Cyprus and Hellenic Bank have been kept on Positive Outlook in spite of the escalating global economic dangers ...
Cyprus affirmed at BBB- with a Stable Outlook by Fitch Ratings
Fitch Ratings announced that it has affirmed Cyprus’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook.
The credit ratings agency said that Cyprus’ rating is ...
Bank of Cyprus outlook revised to positive by Fitch Ratings
American credit rating agency Fitch Ratings announced on Wednesday that it has revised the Bank of Cyprus’ outlook to positive from negative, while at the same time affirming the bank’...
Fitch Affirms Cyprus at ‘BBB-‘, outlook Stable
Fitch ratings agency has affirmed Cyprus’ long-term credit rating at BBB- with a stable outlook, reflecting the island’s institutional strength and a record of robust economic growth and sound ...