Moody’s Upgrades Cyprus’ Major Banks Ratings, Maintaining Positive Outlook

10:50 - 06 Οκτωβρίου 2022

Moody's Investors Service on Wednesday upgraded Bank of Cyprus’ and Hellenic Bank’s long-term ratings, including their long-term bank deposit ratings to Ba2, from Ba3, maintaining positive outlook citing “the resilience of the Cypriot economy that is supporting the operating conditions of the banking system.”

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