On 22 November 2024, the international rating agency Moody’s upgraded the credit rating of Cyprus by a double notch. Cyprus’s senior unsecured and long-term issuer ratings were raised by Moody’s
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On November 3, 2023, international rating agency Fitch announced that they upgraded the credit ratings of Hellenic Bank Public Company Limited and Bank of Cyprus Public Company Limited. Accordingly, Hellenic
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In its report published on 29 March 2023, the rating agency Moody’s maintained a stable outlook on Cyprus’ Banking System. According to the report, Cyprus’ bank creditworthiness will remain stable
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The Moody’s credit rating agency has recently upgraded the Cyprus’ long term credit rating to Ba1 stable outlook. Moody’s cited that “the key drivers for the rating action to upgrade
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Fitch Rating Agency confirmed Cyprus’s Long-Term Foreign-Currency Issuer Default Rating (“IDR”) at ‘BBB-‘ with a Stable Outlook. According to Fitch one of the key rating drivers is that the COVID-19
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