Moody`s Investors Service upgraded Thursday Bank of Cyprus Public Company Limited`s and Hellenic Bank Public Company Ltd long-term deposit ratings to B3 from Caa1, and their long-term Counterparty Risk Ratings (CRRs) to B1 from B2. At the same time, Hellenic Bank`s baseline credit assessment (BCA) and adjusted BCA were upgraded to caa1 from caa2, and its long-term Counterparty Risk Assessment (CRA) to B1(cr) from B2(cr). The outlook on both banks` long-term deposit ratings is positive.
Moody's Upgrades Bank of Cyprus and Hellenic Bank
