Moody’s upgrades Bank of Cyprus bonds to Aaa

Ratings agency Moody’s this week upgraded the rating of the Bank of Cyprus’ covered bonds to Aaa from Aa2 .

This follows a revision of Cyprus’ local-currency bond ceiling to Aaa and an upgrade of the country’s sovereign rating to A3 with a stable outlook on November 22, 2024.

“The rating of Bank of Cyprus – Mortgage Covered Bonds (Cypriot Pool) is no longer constrained by the country ceiling,” Moody’s