DBRS upgrades Cypriot economy

DBRS Ratings upgraded the long-term ratings of Cyprus to BBB (high), from BBB, with a stable outlook, giving a rating one level higher (third level) than the remaining three major credit rating agencies,


DBRS downgrades Cyprus’ growth outlook

Rating agency DBRS Morning Star has downwardly revised Cyprus’ growth outlook again amid gloomier forecasts for the global performance considering soaring inflation and heightened uncertainty due to the Ukraine war. In its updated forecasts, the


DBRS upgrades Cyprus despite Ukraine war

Finance Minister Constantinos Petrides is pleased with Cyprus’ recent upgrading by rating agency DBRS Morningstar from BBB(Low) to BBB, revising its outlook from positive to stable. Petrides said in a statement: “DBRS

DBRS: Banks slash toxic loan legacy

DBRS Morningstar rating agency reports that Cypriot banks substantially accelerated the reduction of their legacy NPEs in 2020, dropping by 10 percentage points. It noted that NPEs not provisioned for reached their