Moody’s Downgrades Three Cyprus Banks
Moody`s Investors Service has today downgraded the long-term deposit and debt ratings of three Cypriot banks, namely Bank of Cyprus, Marfin Popular Bank and Hellenic Bank. Particularly, Moody`s downgraded Marfin Popular Bank by three notches to B2 from Ba2 and Bank of Cyprus and Hellenic Bank by one notch to Ba2 from Ba1. Moody`s has …
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