Moody’s Investors Service said that it has placed the credit rating of Hellenic Bank and the Cyprus Cooperative Bank on review for a possible upgrade following the agreement allowing the Co-ops operations to Hellenic.
Hellenic Bank’s has received a Caa1 long-term deposits rating, a caa2 baseline credit assessment, a B2 long-term counterparty risk rating and a B2(cr) long-term countrerparty risk assessment.
“Moody’s also changed the direction of the review on Cyprus Cooperative Bank Ltd’s Caa2 long-term deposit and long-term...