Fitch Ratings Upgrades Bank of Cyprus IDR to ‘BBB’
Nicosia: 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. According to Cyprus News Agency, the credit agency stated that the upgrade reflects the improvement of