The government has expressed satisfaction with the recent tweaking of the island’s creditworthiness outlook from ‘stable’ to ‘positive’ by Fitch, dubbing it as a validation of the ongoing trajectory of progress and
Fitch has upgraded Hellenic Bank’s long-term issuer default rating (IDR) by two notches to ‘BB+’ from ‘BB-‘, and viability rating (VR) to ‘bb+’ from ‘bb-‘, while maintaining the outlook at ‘stable’. Fitch
By Edward Moya US stocks are getting hit with a one-two punch on the Fitch US sovereign downgrade overnight and expectations the US Treasury will continue to boost the size of their
Fitch Ratings said the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring. The rating agency has taken positive rating actions on
International rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ assigning a Stable Outlook, assuming that fiscal surpluses continue despite an economic slowdown. Furthermore, the agency revised upward
The upgrading of Cyprus’ long-term credit rating by one notch with a stable outlook citing outperformance of fiscal balance and growth rate, is an important development, said President Nikos Christodoulides. He credited
The ratings of Cyprus’ two largest banks remain on Positive Outlook despite increased risks to the global economy due to the war in Ukraine, Fitch Ratings says. Fitch expects Hellenic Bank (B/Positive)
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)
Fitch credit rating agency has revised the outlook for Bank of Cyprus and Hellenic Bank to positive from negative, citing the expected improvements in asset quality due to non-performing loans (NPL) sales.
Fitch rating agency reaffirmed Cypriot banks’ negative outlook noting the general environment poses threats to their balance sheets. In a report on the Cyprus banks, the agency notes that while they are
