S&P confirms Bank of Cyprus credit rating

Standard and Poor’s has confirmed the country’s largest lender Bank of Cyprus’ long-term and short-term credit rating of “B+/B”, maintaining an outlook positive, hinting at a possible upgrade in the near future.

S&P raises Bank of Cyprus outlook

Standard and Poor’s revised the country’s largest lender Bank of Cyprus’ outlook to positive from stable, following a new NPL transaction titled Helix 3, reducing its non-performing loans ratio to single digits,