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 ...
What does Cyprus’ Moody’s upgrade mean?
Cyprus’ credit rating was recently upgraded from Baa2 to A3 by Moody’s. The double upgrade reflects, firstly, the improvement in the country’s fiscal indicators. Public debt has fallen ...
Cyprus’ credit rating restored to ‘A’ grade by Moody’s
Ratings agency Moody’s on Saturday restored Cyprus’ credit rating to its ‘A’, specifically giving the island a score of ‘A3’, restoring the island to the ‘A’ grade for the ...
Moody’s upgrades Cyprus outlook to positive
Rating’s agency Moody’s on Saturday upgraded the outlook on the government of Cyprus to positive from stable.
The decision to improve the outlook reflects Moody’s confidence in ...
Two Cypriot banks have credit ratings upgraded
Two Cypriot banks, the Bank of Cyprus and the Hellenic Bank, had their credit ratings upgraded by investment service Moody’s on Monday.
Both had their long-term deposit ratings increased ...
Former minister says government should ‘be modest’ over economy boost
Former Finance Minister Constantinos Petrides on Saturday urged the current government to “modestly read the reasons” for the upgrade of Cyprus’ credit score by Moody’s.
He added that the ...
Christodoulides thanks ‘people’s sacrifices’ after economic rating improves
President Nikos Christodoulides said on Saturday he was “deeply satisfied” after investment service Moody’s upgraded Cyprus’ credit rating to “investment level”, putting the success down to the success of ...
Cyprus a “potential rising star” for credit rating boost (updated)
Cyprus has been identified as a “potential rising star” for the rise of its credit rating in the investment category, according to a report released on Monday by global rating ...
Christodoulides’ election suggests ‘continued fiscal discipline’ – Moody’s
Rating agency Moody’s said on Thursday the election of Nikos Christodoulides as president suggests “the continuation of a fiscal discipline and reform progress” but warned reunification talks on the ...
Finance ministry welcomes Moody’s change of Cyprus’ outlook to positive (updated)
The finance ministry on Saturday welcomed Moody’s Investors Service decision to change the outlook on Cyprus’ Ba1 ratings to positive from stable, saying this acknowledges the economy’s resilience ...
Hellenic Bank posts €11.7 mln loss after asset quality improvement
Hellenic Bank on Thursday posted its financial results for the previous year, showing a loss of €11.7 million for 2021.
This primarily reflects impairment losses related to the completion of Project Starlight, ...
S&P downgrades RCB because of sanctions (updated)
Rating agency Standard & Poor’s on Thursday downgraded RCB Bank’s long-term issuer rating from BB- to B+ and placed the bank on negative watch, citing the lack of ...
Cyprus economy vulnerable to shocks, Moody’s says
High levels of private debt continue to stifle the growth of Cypriot banks, increasing fiscal vulnerability and negatively impacting credit availability, ratings agency Moody’s said on Monday.
The agency’...
Moody’s upgrades Cyprus’ rating to Ba1, changes outlook to stable from positive (updated)
Moody’s ratings agency has upgraded Cyprus’ sovereign rating to Ba1 from Ba2 and changed its outlook to stable from positive on a decrease in banking sector risks and the ...
Moody’s warns of possible underperformance of Cyprus banks
The loans on the books of EU banks that remain under long-running moratoria are more likely to underperform, with credit quality particularly uncertain in Cyprus, Italy, Portugal and Hungary, Moody’...