The Fed presses on

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.

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Moody’s upgrades major banks

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”.

No clipping hawks’ wings

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

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Cyprus hails Moody’s economy upgrade

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

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