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All reports tagged with: "Moody’s"

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.

Moody’s cuts Cyprus rating on default risk

Moody’s cut Cyprus government bond credit rating by three notches to Caa3 from B3 due to an increase in government debt and issued a warning that the country had a 50 per cent chance of default.

Moody’s places Cyprus on review for downgrade

Ratings agency Moody’s has placed Cyprus on review for a possible downgrade citing the slow pace of negotiations with the Troika and evidence that the Cyprus budget deficit will be significantly larger than expected.

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