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Moody’s upgrades BOC, Hellenic one notch

Moody’s upgrades BOC, Hellenic one notch

Moody’s Investors Service on Wednesday upgraded, by one notch, the long term local and foreign currency deposit ratings of Bank of Cyprus to Caa2, and Hellenic Bank to Caa1, and affirmed their not-prime short-term local and foreign currency deposit and commercial paper ratings. Moody’s said its action was driven by an improved operating environment, which […]