articles | 20 December 2014

Capital Intelligence raises BoC financial strength rating to 'B'

Capital Intelligence, an international credit rating agency, announced recently that it has raised Bank of Cyprus (BoC) Financial Strength Rating (FSR) to 'B' on 'Stable' Outlook (from 'B-' on 'Positive').

The upgrading reflects “the significant €1 billion capital increase which has also strengthened the Bank's shareholder base and corporate profile,” the rating agency said.

Source: InCyprus

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