Cyprus Business Now: BoC, estate agents, passenger traffic, property auctions

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position.

In addition, the agency kept the bank’s  outlook on deposit ratings as stable .

According to the agency’s latest report,  the Bank of Cyprus now holds the highest deposit rating among all banks in Cyprus and Greece .

This distinction, the bank said, sends “