Emmanuel Macron’s government reshuffle this week reflects the willingness of the French President to find a new political momentum for the remainder of his mandate, especially ahead of the European Parliament elections
S&P Global Ratings raised its long-term issuer credit rating on Bank of Cyprus Public Co. Ltd. (BOC) to ‘BB’ from ‘BB-‘ and affirmed the ‘B’ short-term rating, citing “significant progress toward rebalancing
Cyprus and Egypt currently face the most immediate credit risks than other countries rated by Scope Ratings due to the Israel-Hamas conflict, said the German credit rating agency. In its report ‘Hamas attacks
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,
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
Capital Intelligence upgraded most of its rating for Hellenic Bank a day after the CEO returned to work after being cleared of any wrongdoing in a CySEC probe into alleged market abuse.
Moody’s Investors Service has placed RCB Bank’s long-term ratings on review for downgrade, including its long-term deposit ratings, citing “higher credit risk associated with its Russian corporate exposures” on the backdrop of
Capital Intelligence Ratings affirmed late Friday the Republic of Cyprus long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) at ‘BB+’ and ‘B’, respectively, revising the outlook for
Hellenic Bank received a vote of confidence from a leading rating agency on Monday, days after Cyprus’ second-largest lender announced Q1 net profits of €12.9 mln, the fourth consecutive quarter in positive
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.
