News & Credit Rating Announcements
26 November 2019 | Country: Cyprus | Bank: Bank of Cyprus
Sign up here as a Member to view the CRA or to purchase the related report.
Bank of Cyprus - Ratings Affirmed with a Stable Outlook
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the LT FCR and ST FCR of Bank of Cyprus (BoC) at 'BB-' and 'B', respectively. The Bank has also been assigned a BSR of 'bb-'. The Outlook for the LT FCR and BSR is Stable, indicating that the ratings are unlikely to change over the next 12 months in view of the Bank's large stock of NPEs, the significantly impaired capital position due to the high level of unprovided NPEs and the related high cost of risk.
Attachments
-
Rating Announcement (CRA)
PDF Download Available
-
Bank Rating Report (Cyprus, Bank of Cyprus)
Purchase Available - View price list
Sign up here as a Member to view the CRA or to purchase the related report.