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
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...
