Fitch Ratings upgrades Bank of Cyprus IDR to 'BBB'
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Cyprustimes.com
"Its ratings are also underpinned by stable deposit funding, sound profitability, satisfactory capitalisation and improved asset quality," Fitch Ratings has upgraded the Bank of Cyprus' Long-Term Issuer Default Rating (IDR) to 'BBB' from 'BBB-' and Viability Rating (VR) to 'bbb' from 'bbb-'. The Outlook on the Long-Term IDR is Stable. In a press release the credit agency says that "the upgrade......






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