By Moody’s Analytics The details to April’s U.S. consumer price index were more favourable than the topline figure would suggest at first glance. Excluding food and energy, the CPI was up 0.4%
Moody’s has identified Cyprus as a “potential rising star” to see its rating raised to ‘investment grade’ after 11 years of lingering in junk mode, according to a report released on Monday.
By Moody’s Analytics The U.S. economy had perked up in the second half of 2022, with growth averaging near a modestly above trend 3%. However, this came on the heels of declines
By Moody’s Analytics The Federal Open Market Committee meeting this week was as highly anticipated as any in recent memory. And that’s saying something given the turbulence of the past three years.
Elected President Nikos Christodoulides is expected to continue the government’s fiscal discipline and rollout economic reform, said an analysis by rating agency Moody’s. The former foreign minister is described as independent and
Moody’s Investors Service has downgraded the long-term bank deposit ratings of five Egyptian banks by one notch, following the downgrade on Tuesday of the government’s issuer rating to B3 ‘stable’ from B2
Hellenic Bank’s voluntary early retirement plan to streamline operations will decrease capital and weigh on its profitability this year but reduce its workforce by 17% and lower operating costs, a credit-positive move,
Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term ratings, including their deposit ratings to Ba2, from Ba3, maintaining a positive outlook citing “the resilience of the Cypriot economy”.
By Moody’s Analytics If there was any doubt that the Federal Reserve was serious about taming inflation, it should be gone after the September meeting of the Federal Open Market Committee as
The Finance Ministry welcomed Moody’s acknowledgement the Cyprus economy was resilient and had the potential to overcome the challenges. The ministry issued a statement following Moody’s decision to change the outlook on
