{"id":5086,"date":"2025-03-19T03:23:07","date_gmt":"2025-03-19T03:23:07","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/03\/19\/bank-of-cyprus-secures-investment-grade-again\/"},"modified":"2025-03-19T03:23:07","modified_gmt":"2025-03-19T03:23:07","slug":"bank-of-cyprus-secures-investment-grade-again","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/03\/19\/bank-of-cyprus-secures-investment-grade-again\/","title":{"rendered":"Bank of Cyprus secures investment grade again"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1264491\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/cyprus_bank_web-320x200.jpg?v=1612126234\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/cyprus_bank_web.jpg?v=1612126233\" alt=\"Bank of Cyprus secures investment grade again\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/cyprus_bank_web.jpg?v=1612126233\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>Fitch Ratings has upgraded Bank of Cyprus to investment grade, making it the third global rating agency to do so. With Moody\u2019s, S&amp;P, and now Fitch all giving their stamp of approval, Bank of Cyprus has officially regained its place among top-rated financial institutions.\u00a0<\/p>\n<p>\u201cThis is a significant milestone for both Bank of Cyprus and the Cypriot economy,\u201d the bank stated following the announcement.<\/p>\n<p>Fitch upgraded the bank\u2019s long-term credit rating to BBB- from BB+, maintaining a positive outlook. According to Fitch, behind the upgrade lies a mix of factors: stronger asset quality, robust capital position, market leadership and healthy profitability.<\/p>\n<p>The positive outlook is not just about the bank \u2013 it reflects growing confidence in Cyprus\u2019 economic future. Fitch highlights continued economic growth, declining unemployment, and reduced private sector debt as key factors improving the banking sector\u2019s stability.<\/p>\n<p>By clearing out legacy problem assets and maintaining strong capital reserves, Bank of Cyprus has strengthened its financial foundation, making it well-positioned for future growth.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1264491\/bank-of-cyprus-secures-investment-grade-again\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings has upgraded Bank of Cyprus to investment grade, making it the third global rating agency to do so. With Moody\u2019s, S&amp;P, and now Fitch all giving their stamp of approval, Bank of Cyprus has officially regained its place among top-rated financial institutions.\u00a0 \u201cThis is a significant milestone for both Bank of Cyprus and &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Bank of Cyprus secures investment grade again\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/03\/19\/bank-of-cyprus-secures-investment-grade-again\/#more-5086\" aria-label=\"Read more about Bank of Cyprus secures investment grade again\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2021\/01\/cyprus_bank_web.jpg?v=1612126233","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-5086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=5086"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/5087"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=5086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=5086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=5086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}