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,
Cyprus has hailed a two-notch upgrade by credit ratings agency Moody’s to bring the country back into investment-grade territory a decade after a financial crisis left the island on the brink of
On 21 September, the Central Bank of Turkiye (CBRT) raised its policy rate by 500 basis points (bp) to 30%, following a larger-than-expected 750bp increase in August and a more moderate pace
Rather than pausing as expected by many observers, the European Central Bank (ECB) raised its main refinancing operations (MRO) rate by 25 basis points (bps) to an all-time high of 4.5% to
The Central Bank of Turkey removing the first-tier threshold of the security maintenance ratio requiring banks to hold a defined percentage of government securities as reserves against loans is welcomed by Moody’s.