Moody’s Upgrades Bank of Cyprus’s deposit ratings  

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Moody’s Upgrades Bank of Cyprus’s deposit...
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Moody`s Investors` Service has today upgraded Bank of Cyprus Public Company Limited`s (BoC`s) long-term local and foreign currency deposit ratings to Caa1 from Caa2 and its Provisional Senior Unsecured EMTN ratings to (P)Caa1.

The bank`s Not Prime short term ratings have been affirmed. The rating action is driven by the upgrade of BoC`s Baseline Credit Assessment (BCA) to caa1 from caa2. The outlook on the long-term deposit ratings remains positive.

The upgrade of BoC`s ratings reflects the improvement in the bank`s financial fundamentals- mainly...


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Moody’s Upgrades Bank of Cyprus’s deposit ratings  


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Article Tags: moody, upgrades, cyprus, deposit, ratings,