Moody’s rating agency said the decline of non-performing exposures (NPEs) by €5.6bn, or 33.6 per cent, stemming from the resolution of the co-operative bank (CCB) is a credit positive for the Cypriot banking system because it reduces asset quality risks and supports depositor confidence.
The credit rating agency Moody's on Tuesday announced that it is changing its rating for the long-term deposits of the Greek systemic bank Eurobank Ergasias to positive from stable, affirming them at Caa2.
The full abolition of limitations in cash withdrawal is credit-positive for Greek banks, Moody's said in a report released on Thursday.
Greece's growth rate for GDP is forecast at 2%, Moody's rating agency said late on Wednesday, maintaining the country's rating at B3 with a positive outlook.
A debt relief package offered to Greece by its creditors last week is a significant benchmark in Greece’s ongoing recovery from its deep government debt, economic and banking crisis, Moody's said on Monday.
Piraeus Bank's decision to sell a portfolio of non-performing exposures (NPEs) is credit positive for the bank, Moody's said on Monday.
The results of a stress test round for the four Greek systemic banks - Alpha Bank, Eurobank, National Bank and Piraeus Bank - are credit positive and showed the resilience of their supervisory capital, Moody's said in its Credit Outlook…
Alpha Bank's decision to sell a portfolio of non-performing unsecured consumer loans worth 3.7 billion euros to B2Holding is credit positive for the Greek bank, Moody's said in a report released on Monday.
The adoption by Greek banks of International Financial Reporting Standard 9 (IFRS 9) strengthens their ability to sell non-performing loans without incurring significant losses, Moody's rating agency said in a report released on Monday.
A further loosening of capital controls and an improvement in asset quality are credit positive for Greek banks, Moody's said on Monday.