Rating agencies turn spotlight on elections

Credit rating agencies are keeping an eye on Cyprus’ presidential elections in February to conclude how the island’s new administration will be running public finances, say economists. Rating agencies will launch a

Credit agencies show faith in Cyprus

Credit Rating Agencies have given a vote of confidence in the prospects and future developments in the Cyprus economy, Finance Minister Constantinos Petrides said. Petrides told the 1st Annual Financial Markets Forum


S&P confirms Bank of Cyprus credit rating

Standard and Poor’s has confirmed the country’s largest lender Bank of Cyprus’ long-term and short-term credit rating of “B+/B”, maintaining an outlook positive, hinting at a possible upgrade in the near future.

Scope revises Cyprus credit outlook to positive

Scope Ratings affirmed the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, revising the outlook from stable to positive. According to Scope’s analysis, the decision to revise

FITCH: Cyprus banks credit profile improving

The credit profiles of Cyprus’ two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings said. The agency expects the Bank of Cyprus (B-/Positive)