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
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...
