BoC efforts are ‘positive’, but NPLs still a drag
By George Psyllides MOODY’S ratings agency said Bank of Cyprus’ (BoC) successful capital raise was a positive step towards the lender’s regeneration, but it continued...
Moody’s
Moody’s: outlook stays negative for Cypriot banking system
The outlook on the Cypriot banking system remains negative, primarily reflecting the expectation of a continued rise in problem loans over the next 12-18 months...
Erdogan warns Moody’s and Fitch over assessments – reports
Turkish President Tayyip Erdogan has accused rating agencies Moody’s Investors Service and Fitch Ratings of political motives in their assessments of the Turkish economy, and...
Bank of Cyprus deposits on review for upgrade by Moody’s (Updated)
By Angelos Anastasiou Rating agency Moody`s has announced the placing of the Bank of Cyprus’ long-term deposit ratings on review for upgrade. According to a...
Cyprus still at risk of default, Moody’s says
Cyprus has an “elevated risk of default in the medium-term” Moody’s ratings agency said on Wednesday, despite the island’s good performance in the bailout adjustment...
Cyprus welcomes ‘positive’ Moody’s comments
The government has welcomed a positive statement buy Moody’s credit rating agency on Cyprus’ return to the international markets. Through this development “the Republic of...
Moody’s changes outlook on three Cyprus banks
Moody’s has changed its outlook on the three Cypriot banks – Bank of Cyprus, Hellenic Bank and the Russian Commercial Bank Ltd (RCB). For Bank...
Moody’s upgrades Cyprus’ credit worthiness to positive
Moody’s ratings agency has upgraded Cyprus’ credit worthiness from negative to positive, citing the island’s stronger-than-expected fiscal and economic performances in 2013 and the authorities’...
Banks could need additional capital: Moody’s
Cypriot banks and cooperatives could face capital needs that exceed by some €1.5 billion the €2.5 billion of EU support funds earmarked for the banking...
Risk of a new Cyprus default remains elevated, says Moody’s
The risk for another default for Cyprus over the coming years remains elevated due to very substantial risks to the country’s economic performance and, as...
