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...
Moody’s
Hellenic’s loan package sale “a credit positive,” Moody’s says
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...
Moody’s says BoC-Pepper deal a ‘credit positive’
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...
Moody’s: economy still ‘susceptible to every risk’
Moody’s Investors Services said that despite the Cypriot economy’s robust growth the strong fiscal performance faces challenges related to its small size, relative lack of...
Cypriot banks many need additional provisions due to slow restructurings pace
Moody’s rating agency warned on Monday that the slow pace of loan restructurings in the Cypriot banking system may create a need for additional provisions...
Moody’s upgrades RCB’s deposits rating to B1 from B3
Moody’s Investors Service said that it upgraded the foreign-currency deposit rating of RCB Bank by two notches to B1 and its baseline credit assessment to...
BoC provision increase a credit negative, Moody’s says
Moody’s Investors Service said that Bank of Cyprus’s decision to de-risk its balance sheet with a €500m increase in provisions is a credit negative even...
Record arrival figures a credit positive for banks, Moody’s says
The record-high tourist arrivals, which rose an annual 15 per cent over the past 7-month period edging 2 million is a credit positive for Cypriot...
Moody’s says underperformance in reducing NPLs a “credit negative”
Moody’s Investors Service said that the Cypriot bank’s underperformance in the first quarter of the year in meeting loan restructuring indicators set by their supervisor...
Volume of new loans highest since 2013
Moody’s rating agency said it expects the volume of new loans in Cyprus in 2017 to be the highest since 2013, pointing out that an...
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...
Moody’s lays out goals for Bank of Cyprus
Moody’s ratings agency said Bank of Cyprus (BoC) will have to include the sale of its non-performing loans (NPLs) in its toolkit if it wants...
Moody’s: sustained demand for building permits will help banks
A sustained increase in demand in building permits will help Cypriot banks improve their asset quality in the real estate sector, rating agency Moody’s said,...
Moody’s downgrades China, warns of fading financial strength
Moody’s Investors Service downgraded China’s credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the...
Moody’s sees 3.3% growth rate in Q1 as ‘credit positive’
Moody’s Investors Service said that the 3.3 per cent annual growth rate of the first quarter announced last Tuesday is a credit positive for Cypriot...
Recovering real estate market sign of hope for banks, Moody’s says
Moody’s Investors Service said that the recovery of property prices, reported by the Central Bank of Cyprus a week ago, would improve the asset quality...
Moody’s says last year’s deposit increase a “credit positive”
The 6.2 per cent increase in the deposits held by Cypriots banks last year to €49bn in December, the highest level since July 2013, represents...
BOC sells €250m tier 2 10-year bonds at 9.25% (updated)
Bank of Cyprus on Thursday issued €250m tier 2 subordinated bonds at an average rate of 9.25 per cent, the first following the full repayment...
Moody’s upgrades BoC, Hellenic one notch
Moody’s Investors Service on Wednesday upgraded, by one notch, the long term local and foreign currency deposit ratings of Bank of Cyprus to Caa2, and...
Moody’s says Greek banks’ outlook now stable
Moody’s Investors Service said that it revised the Greek banking system’s outlook to stable from negative, citing the improved funding and profitability of Greek banks,...
