Bank of Cyprus – Ratings Upgraded with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Bank of Cyprus (BoC) to ‘BB’, from ‘BB-’. BoC’s Bank Standalone Rating (BSR) and Core Financial Strength (CFS) have also been raised to ‘bb’ and ‘bb’, respectively, from ‘bb-’ and ‘bb-’.