Moody’s Investors Service increased its medium-term oil price range to $50-70/barrel to reflect the rating agency’s expectation that the full cost of production of a marginal barrel of oil will keep increasing
The outlook for reinsurance has changed to ‘stable’ from ‘negative’ as prices increase amid a worldwide economic rebound, supporting the sector’s earnings while capitalisation will remain solid, Moody’s Investors Service said Tuesday.
Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from ‘stable’ to ‘positive’, despite the pandemic-induced fragile economic environment. RCB Bank said, “the rating by Moody’s has remained
Parliament passing a law that established a €1 bln (4% of GDP) loan guarantee scheme is positive for Cypriot banks because it will reduce the credit risk on loans participating in the
A Moody’s analysis said nonperforming exposures held by Cyprus banks declining 43% despite the pandemic is credit positive for the economy. The Central Bank of Cyprus said Cypriot banks’ nonperforming exposures (NPEs)
Moody’s rating agency said the sale of a bad loan portfolio by the Bank of Cyprus puts it in a better position to deal with an inflow of new NPEs arising from
Cyprus is among those EU countries most vulnerable to a sustained drop in tourist arrivals due to the pandemic while it is also a “high credit risk”, international ratings agency Moody’s said.
Moderate and uneven economic recoveries amid the coronavirus pandemic as well as political and trade uncertainties pose risks for financial institutions in emerging markets throughout Asia, Latin America, Europe, the Middle East
Capital Intelligence Ratings has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) of Hellenic Bank at ‘BB-’ and ‘B’, respectively, as well as a ‘stable’
Moody’s Investors Service affirmed all ratings and assessments of Bank of Cyprus and Hellenic Bank, including their long-term deposit ratings of B3. The outlook on both banks’ long-term deposit ratings remains positive.