Moody’s Upgrades Cyprus Banking Sector

On August 1st 2016, the international rating agency Moody’s Investors Service upgraded the Cypriot Banking system to a positive rating from stable. The change in outlook expresses Moody’s expectations of how bank creditworthiness will evolve in Cyprus over the next 12-18 months and it was based on the following four pillars: Profitability According to Moody’s […]