Latest Headlines

All reports tagged with: "Moody’s"

Mixed signals from Moody’s

In two recent reports Moody’s said that banks will benefit from increased loan demand but warned that lack lustre performance in loan restructuring is a credit negative and that overall improvement in asset quality to date has been “lethargic”.

Bank of Cyprus must sell NPLs

The Bank of Cyprus must include the sale of non-performing loans (NPLs) in its toolkit if it is to achieve its ambitious target to halve their ratio to 20 per cent by 2019 says Moody’s Rating Agency.

Banks helped by increased building permits

Although Cypriot banks continue to face significant asset quality challenges, a sustained increase in demand for building permits would improve their asset quality says ratings agency Moody’s.

Moody’s warns of CHF moral hazard

Ratings agency Moody’s warned on Monday that the forced conversion of Swiss franc mortgages would cost the banks at least €250 million, create a ‘moral hazard’ and make the restructuring of NPLs more challenging.

Cypriot banks to benefit from foreclosure law

In its Credit Outlook, which assesses credit implications of current events, Moody’s Investors Service considers the implementation of the foreclosure law is credit positive for Cypriot banks.

Bank of Cyprus deposit ratings for upgrade

Moody’s Investor Service has announced that it has placed the long-term deposit ratings of the Bank of Cyprus on review for upgrade following the bank’s successful completion of its €1 billion capital increase.

Moody’s: Cyprus banking sector risk ‘very high’

Moody’s Investor Services has warned about the dangers lurking in the Cyprus Banking system due to the high percentage of non-performing loans and considers the banking sector risk to be “Very High”.

Moody’s raises Cyprus credit rating outlook

Moody’s ratings agency has raised its credit rating outlook for Cyprus to positive from negative, while confirming the island’s Caa3 credit rating, citing a stronger than expected performance in 2013.

Banks may need a further 1.5 billion Euros

According to a report by Moody’s Investor Services, Cypriot banks and cooperatives may require some €1.5 billion on top of the €2.5 billion of EU support funds earmarked for the banking sector.

Moody’s downgrade piles on the junk

Moody’s Investor Service has downgraded Cyprus’ top three banks citing uncertainty over the country’s bailout talks with international creditors, bringing them closer to the bottom of junk status.

Page 1 of 3123

Back to top