Moody’s has upgraded the Government of Cyprus long-term issuer and senior unsecured ratings by two notches from Baa2 to A3, returning to investment grade for the first time in 13 years. This
Moody’s Ratings has placed all Hellenic Bank ratings and assessments on review for upgrade, with the exception of the Prime-2 short-term Counterparty Risk Ratings (CRRs) and Prime-2(cr) short-term Counterparty Risk (CR) Assessment
Hellenic Bank’s takeover of CNP Assurances’ regional operations, allowing it to dominate the local insurance market is a credit positive, according to Moody’s Investors Service. The €182 mln deal will help the
Moody’s said on Thursday that the risks associated with loans for Cypriot banks are expected to decrease further due to consistent economic growth, alongside declining inflation and unemployment rates. However, reaffirming the
Moody’s Investors Service has lowered the outlook on Government of Egypt to ‘negative’ from ‘stable’ mainly due to increasing risks and difficult macroeconomic and exchange rate rebalancing. The rating agency affirmed the
The environmental, social, and governance (ESG) framework is becoming increasingly important in the global economic landscape. For states such as Cyprus, understanding and adapting to these Principles reflects a commitment to responsible
Cities are particularly vulnerable to physical climate risks, given their geography and topography, and because they include high concentrations of people, wealth, assets and infrastructure, accounting for around 80% of global GDP.
Interest rates, geopolitics and technology, will drive a new normal in 2024 global credit conditions. Central banks will keep rates higher for longer to keep a lid on core inflation, which will
Moody’s Investors Service placed the deposit ratings of five Israeli banks on review for downgrade, Tuesday, following the rating agency’s similar view of the sovereign A1 long-term issuer ratings last Thursday. It
Moody’s Investors Service has upgraded Bank of Cyprus and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the resilience of the economy and credit conditions favouring Cypriot banks. Last Friday,
