Moody's Archives - Cyprus Mail

President set to veto foreclosure bills, as Moody’s warns of negative effects (updated)

George PsyllidesJuly 18, 2019July 18, 2019

By George PsyllidesJuly 18, 2019July 18, 201901121

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

Business

Moody’s downgrades Bank of Cyprus’ senior unsecured note programme

CNA News ServiceJune 14, 2019

By CNA News ServiceJune 14, 201901010

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

Cyprus

Moody’s upgrades Bank of Cyprus’ and Hellenic Bank’s deposit ratings

Staff ReporterJanuary 24, 2019January 24, 2019

By Staff ReporterJanuary 24, 2019January 24, 20190216

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

Cyprus

Bad loans decline through co-op deal a credit positive, Moody’s says

Staff ReporterJanuary 17, 2019

By Staff ReporterJanuary 17, 2019071

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

Cyprus’ credit rating to be evaluated eight times in 2019

CNA News ServiceDecember 27, 2018

By CNA News ServiceDecember 27, 20180126

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

Cyprus most exposed to risks from household debt, Moody’s says

Staff ReporterNovember 20, 2018November 20, 2018

By Staff ReporterNovember 20, 2018November 20, 2018074

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

Cyprus

Moody’s says Bank of Cyprus’ sale of bad loans credit positive

CNA News ServiceSeptember 3, 2018

By CNA News ServiceSeptember 3, 2018054

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.

Business

Moody’s upgrades RCB’s rating to Ba1(cr)

Stelios OrphanidesAugust 3, 2018

By Stelios OrphanidesAugust 3, 2018019

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

Business

Moody`s upgrades Cyprus` ratings, changing outlook to stable from positive

CNA News ServiceJuly 28, 2018July 28, 2018

By CNA News ServiceJuly 28, 2018July 28, 2018034

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

Business

Loan securitisation law less appealing compared to EU, Moody’s says

Stelios OrphanidesJuly 26, 2018

By Stelios OrphanidesJuly 26, 2018027

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

Business

Moody’s says new capital gains tax exemptions to aid banks

Stelios OrphanidesJuly 19, 2018

By Stelios OrphanidesJuly 19, 2018025

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

Business

Moody’s: Sale of Bank of Cyprus UK is credit positive

CNA News ServiceJuly 16, 2018

By CNA News ServiceJuly 16, 20189 37

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

Business

Moody’s places Hellenic and Co-op on review for upgrade

CNA News ServiceJuly 14, 2018

By CNA News ServiceJuly 14, 2018018

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

Cyprus

Moody’s: licensing of Cyprus’ first credit-acquiring company credit positive for banks

CNA News ServiceMay 22, 2018

By CNA News ServiceMay 22, 20183 26

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

Cyprus

Moody’s downgrades Co-op baseline credit assessment to ‘ca’

Stelios OrphanidesMarch 27, 2018

By Stelios OrphanidesMarch 27, 2018018

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

Cyprus

Strong economic growth a credit positive for banks, Moody’s says

Staff ReporterMarch 15, 2018

By Staff ReporterMarch 15, 2018125

Strong economic growth – the highest growth rate since 2008 – is credit positive for Cypriot banks Moody’s ratings agency said on Thursday, noting however

Business

Outlook of Cypriot banks supported by economic recovery says Moody’s

Stelios OrphanidesMarch 13, 2018

By Stelios OrphanidesMarch 13, 2018015

Moody’s Investors Service said that Cyprus’ economy will continue to expand at a fast pace which in turn is likely to help borrowers’ repayment capacity

Cyprus

First ratings test for the Cypriot economy on February 2

CNA News ServiceJanuary 8, 2018

By CNA News ServiceJanuary 8, 2018131

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

Cyprus

Hellenic’s loan package sale “a credit positive,” Moody’s says

Stelios OrphanidesJanuary 8, 2018

By Stelios OrphanidesJanuary 8, 2018011

By Stelios Orphanides Hellenic Bank’s preliminary agreement to sell €145m of non-performing, non-retail secured and unsecured loans to Norway’s B2Holdings ASA is a credit positive

Cyprus

Moody’s says BoC-Pepper deal a ‘credit positive’

Staff ReporterDecember 7, 2017December 7, 2017

By Staff ReporterDecember 7, 2017December 7, 2017022

Bank of Cyprus’s decision to enter an agreement with Australia’s delinquent loans specialist Pepper Group Ltd is a credit positive for the lender, Moody’s Investors