Bank of Cyprus – Positive Outlook Assigned to Ratings

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised Outlook for the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) of Bank of Cyprus (BoC) to Positive from Stable. The Bank's LT FCR and ST FCR of 'BB' and 'B', respectively, have been affirmed. At the same time, CI Ratings has affirmed BoC's BSR of 'bb' and Extraordinary Support Level (ESL) of Uncertain. The Core Financial Strength (CFS) rating has been raised to 'bb+', from 'bb'.

Attachments

• Rating Announcement (CRA)
  PDF Download Available
  
• Bank Rating Report (Cyprus, Bank of Cyprus)
  Purchase Available - View price list