DBRS confirms Cyprus at BBB (low), Stable Trend
DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low). At the same time, DBRS confirmed Cyprus’...
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DBRS rating agency upgrades Cyprus to BB (low) from B
DBRS rating agency, has upgraded the Republic of Cyprus’s long-term foreign and local currency issuer ratings from B to BB (low) and changed the trend...
S&P upgrades Cyprus to BB+ with stable outlook citing stalled reforms
Standard & Poor’s (S&P) said that it upgraded Cyprus’s sovereign rating to BB+ from BB which is still one notch below investment grade and placed...
Fitch upgrades Cyprus to ‘BB-‘
Fitch Ratings has upgraded Cyprus by one notch from ‘B+’ to ‘BB-’with a positive outlook on continuing strong progress in its adjustment following the 2013...
Moody’s hints rating upgrade as mattress money comes back
Deposits in the Cypriot banking system increased by €827.7m in August in a month outstripping a €476.2m increase in loans, pushing the liquidity gap to...
Capital Intelligence reaffirms Cyprus’s B+ sovereign rating
Capital Intelligence, the Limassol-based rating company, said that it affirmed Cyprus’s B+ long-term foreign currency sovereign rating and B short-term foreign currency sovereign currency rating...
MPs urged to pass civil service reform bills (Updated)
The House finance committee on Monday began discussion of a batch of government bills aiming to reform the civil service, with Public Service Reform Commissioner Constantinos...
Privatisations ban likely to translate to higher borrowing costs, commissioner says
By Stelios Orphanides The head of the government’s privatisations unit said parliament’s decision to freeze the privatisation process for state telecom CyTA may affect Cyprus’s...
Crime serial beats French president off prime-time TV podium
President Francois Hollande’s efforts to win over French voters on prime-time TV on Thursday generated few newspaper headlines, criticism on social networks, and a million...
S&P affirms credit ratings at BB-/B
STANDARD and Poor’s (S&P) rating agency on Friday affirmed Cyprus’ long- and short-term sovereign credit ratings at ‘BB-/B’, with a positive outlook, saying it expected the Cypriot...
Capital Intelligence affirms ‘B’ rating of BoC, Hellenic
Capital Intelligence, the Limassol-based rating company, said that it affirmed the financial strength and long-term foreign currency ratings of both Bank of Cyprus and Hellenic...
Cost of programme clean exit “contained” for banks
Junk-rated Cyprus’s decision to complete its adjustment programme “cleanly,” i.e. without the safety of credit line, means that Cypriot securities will be subjected to the...
Post-bailout overconfidence comes at a cost, economist says
While post-bailout Cyprus will no longer carry that stigma of being supervised and supported by others, it must avoid being overconfident and keep in mind...
Moody’s upgrades Hellenic Bank to Caa2; outlook now stable
Moody’s Investors Service has upgraded Hellenic Bank’s long-term deposit rating to Caa2 from Caa3, and has affirmed the bank’s caa3 baseline credit assessment (BCA) and...
Bond yields continue to drop
Cyprus’ 10-year bond yields resumed their downward course in the past week — almost reaching 5.0 per cent — after the upward trend in the...
Cyprus bank recaps should boost confidence, risks remain: Fitch
The completion of the recapitalisation and restructuring process of Cypriot banks should improve confidence and contribute to funding stability in the system, Fitch Ratings said...
Bond exchange completed
THE FINANCE ministry said on Monday it had completed the exchange of €1.0 billion in maturing domestic government bonds for new longer-term paper, easing the...
