Fitch says Cyprus’ NPEs likely to increase due to Covid-19 shock
Fitch ratings agency has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. According to Fitch, Cyprus’ rating balances its...
Fitch
Fitch says risks from Covid-19 to Cyprus banks ‘skewed to the downside’
Fitch ratings agency has downgraded Hellenic Bank’s long-term Issuer default rating (IDR) to ‘B’ from ‘B+’ and Viability Rating (VR) to ‘b’ from ‘b+’ and...
Finance ministry welcomes Fitch review of Cyprus (updated)
The announcement by Fitch rating agency ranking Cyprus’ long-term rating as stable highlights the government’s responsible management both of the economy and the public finances...
Fitch reaffirms ratings for BoC and Hellenic
Fitch Ratings on Friday affirmed Bank of Cyprus’ (BoC) Long-Term Issuer Default Rating (IDR) at B- with a positive outlook and viability rating (VR) at...
Fitch downgrades BoC’s Senior Unsecured Debt Rating
Fitch Ratings said that it had downgraded Bank of Cyprus `long-term senior unsecured debt rating to `CCC` from `B-` and Recovery Rating to `RR6` from...
Fitch upgrades Hellenic Bank
Fitch Ratings has upgraded Hellenic Bank Long-Term Issuer Default Rating to ‘B+’ from ‘B’, the credit rating agency said on Thursday. In a statement, Fitch...
Cyprus’ credit rating to be evaluated eight times in 2019
Cyprus’ creditworthiness is expected to be evaluated eight times in 2019, according to the next assessments scheduled by credit rating agencies. Among the four credit...
Fitch upgrades Cyprus to investment grade
Fitch Ratings has upgraded Cyprus’ sovereign rating to investment grade, ‘BBB-‘ from ‘BB+’, with a stable outlook as the island expects a 2.7 per cent...
Fitch says medium term debt drop unaffected by Co-op
By Stelios Orphanides Fitch Ratings said that the sale of the Co-op’s operations to Hellenic Bank and the related increase in government debt will not...
Fitch Ratings puts Hellenic Bank on watch positive
Fitch Ratings has placed Hellenic Bank’s long-term issuer default rating (IDR) of ‘B’ and Viability Rating (VR) of ‘b’ on ratings watch positive (RWP). Fitch...
Fitch upgrades Cyprus to one step below investment grade
Fitch has upgraded its rating on Cyprus’ to ‘BB+’ from ‘BB’ because of the country’s strong cyclical economic recovery and prudent fiscal policy. Fitch’s rating...
Fitch warns southern European banks on reserves
Banks in Cyprus, Greece and Portugal may need further reserve build-up, as coverage is not much above the 44.5 per cent EU average despite riskier...
Fitch: Strong growth, election result should ‘underpin’ improving finances
Strong economic growth in Cyprus and the expectation of policy continuity after the outcome of the recent presidential elections “should underpin” improving public finances, Fitch...
First ratings test for the Cypriot economy on February 2
In early February Moody’s agency will issue its first rating for the Cypriot economy, opening the way for a round of rating actions, estimated to...
Chances of Cyprus solution ‘slim to remote’ (Update 1)
The collapse in Cypriot peace talks in July 2017 have reduced the chances of a permanent reunification deal in the near term from slim to...
Investment-grade rating seen within reach in the next 12 months
Two economists said that, following Friday’s upgrade by Moody’s Investors Service, it is realistic to expect that Cyprus could see its credit rating upgraded to...
Fitch upgrades Cyprus to ‘BB-‘
Fitch Ratings has upgraded Cyprus by one notch from ‘B+’ to ‘BB-’with a positive outlook on continuing strong progress in its adjustment following the 2013...
Cyprus among EU countries most exposed to Brexit, Fitch says
Cyprus is one of the European Union countries most exposed to the economy of the UK and a decision of British voters to leave the...
Fitch upgrades Bank of Cyprus and Hellenic Bank
Fitch Ratings upgraded on Monday the Bank of Cyprus` Long-Term Issuer Default Rating (IDR) to `B-` from `CCC` and Hellenic Bank`s Long-Term IDR to `B`...
Fitch puts long-term credit rating at B+ (updated)
Fitch Ratings has affirmed Cyprus’ long-term credit rating at B+ with a positive outlook, even as risks continue to “weigh heavily on the country’s credit...