S and P assigns BB-/B rating to RCB bank

Standard and Poors (S and Ps) Global Ratings assigned its “BB-/B” long- and short-term counterparty credit ratings to RCB Bank Ltd with a stable outlook. RCB bank said in a statement issued on Wednesday that S and P underlines that “RCB Banks creditworthiness reflects the banks position as the third-largest bank in Cyprus and its much better credit and earnings performance through the last credit cycle than its domestic peers”.

Source: Cyprus News Agency