Measures will reduce impact of Covid-19 on banks says Moody’s
A government financial support package is expected to help limit coronavirus-related impact on banks’ asset quality, Moody’s ratings agency has said. The financial support package...
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Moody’s: Thomas Cook’s liquidation credit negative for Bulgarian, Cypriot and Greek banks
Moody’s rating agency said Thursday that Thomas Cook`s liquidation was credit negative for Bulgarian, Cypriot and Greek banks as tourism would be negatively affected. “On...
Moody’s changes outlook to ‘positive’ on better fiscal and lower risks
Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming...
Moody’s warns over small economy and high debt level
The credit profile of Cyprus (Ba2 stable) reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of...
President set to veto foreclosure bills, as Moody’s warns of negative effects (updated)
President Nicos Anastasiades is obliged to veto two bills passed by opposition parties amending foreclosure legislation, a government source said on Thursday, as Moody’s rating...
Moody’s downgrades Bank of Cyprus’ senior unsecured note programme
Moody`s Investors Service has affirmed the deposit ratings of Bank of Cyprus Public Company Ltd, while it has downgraded its Senior Unsecured Medium-Term Note Program...
Moody’s upgrades Bank of Cyprus’ and Hellenic Bank’s deposit ratings
Moody’s Investors Service on Thursday said it had upgraded Bank of Cyprus and Hellenic Bank long-term deposit ratings to B3 from Caa1, and their long-term...
Bad loans decline through co-op deal a credit positive, Moody’s says
Moody’s rating agency said the decline of non-performing exposures (NPEs) by €5.6bn, or 33.6 per cent, stemming from the resolution of the co-operative bank (CCB)...
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...
Cyprus most exposed to risks from household debt, Moody’s says
Among highly indebted European countries, Cyprus is most exposed to credit risks related to high household debt because it has a small economy, weak banking...
Moody’s says Bank of Cyprus’ sale of bad loans credit positive
Moody’s investor service said Bank of Cyprus’ sale of nonperforming exposures (NPEs) to Apollo Global Management LLC, is credit positive in its Monday’s Credit Outlook....
Moody’s upgrades RCB’s rating to Ba1(cr)
By Stelios Orphanides Moody’s Investors Service said that it upgraded the RCB Bank’s long-term counterparty risk assessment by a notch to Ba1(cr) after it filed...
Moody`s upgrades Cyprus` ratings, changing outlook to stable from positive
Moody`s Investors Service, has upgraded the government of Cyprus` long-term issuer rating to Ba2 from Ba3. All senior unsecured bond and programme ratings have also...
Loan securitisation law less appealing compared to EU, Moody’s says
By Stelios Orphanides Moody’s Investors Service said that while the latest legislative package passed by the parliament on July 8 can help banks reduce their...
Moody’s says new capital gains tax exemptions to aid banks
By Stelios Orphanides Moody’s Investors Service said that the decision of the Cypriot parliament to also exempt the sale of real estate from the capital...
Moody’s: Sale of Bank of Cyprus UK is credit positive
Rating Agency, Moody’s, has described the sale of Bank of Cyprus subsidiary, Bank of Cyprus UK, as credit positive, noting that the sale would place...
Moody’s places Hellenic and Co-op on review for upgrade
Moody`s Investors Service has placed on review for upgrade, Hellenic Bank Public Company Ltd`s Caa1 long-term deposit ratings, its caa2 Baseline Credit Assessment (BCA) and adjusted...
Moody’s: licensing of Cyprus’ first credit-acquiring company credit positive for banks
The licensing by the Central Bank of Cyprus for the selling of loans to B2Kapital Cyprus Ltd. is credit positive for Cypriot banks, Moody’s rating...
Moody’s downgrades Co-op baseline credit assessment to ‘ca’
Moody’s Investors Service on Tuesday downgraded the baseline credit assessment of the state-owned Cyprus Cooperative Bank to ‘ca’ from ‘caa2,’ citing a shortfall in provisions...
Strong economic growth a credit positive for banks, Moody’s says
Strong economic growth – the highest growth rate since 2008 – is credit positive for Cypriot banks Moody’s ratings agency said on Thursday, noting however...
