S&P assigns RCB Bank BB- rating, outlook stable

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S&P assigns RCB Bank BB- rating, outlook stable
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On March 15, 2017, S&P Global Ratings assigned its “BB-/B” long- and short-term counterparty credit ratings to RCB Bank Ltd. The outlook is stable.

S&P Global Ratings underlines that “RCB Bank’s creditworthiness reflects the bank’s position as the third-largest bank in Cyprus and its much better credit and earnings performance through the last credit cycle than its domestic peers”. The rating agency expects “the bank’s loss absorption capacity to remain at its current strong levels and its nonperforming loans to be significantly lower than...


S&P assigns RCB Bank BB- rating, outlook stable


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