Moody`s Changes Outlook on Cypriot Banking System to Positive from Stable
17:38 - 02 Αυγούστου 2016
Moody`s Investors Service has changed its outlook on the Cypriot banking system to positive from stable, reflecting the rating agency`s view that the country`s economic recovery will restore banks to profitability and improve their weak asset quality, the Cyprus News Agency reports. The outlook expresses Moody`s expectation of how bank creditworthiness will evolve in Cyprus over the next 12-18 months, a press release said on August 1.
