trending Market Intelligence /marketintelligence/en/news-insights/trending/2miiufqcu1nkjrxbgnftpw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's acts on Cyprus Cooperative Bank following sale plans

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Moody's acts on Cyprus Cooperative Bank following sale plans

Moody's on March 27 placed Cyprus Cooperative Bank Ltd.'s long-term local- and foreign-currency deposit ratings of Caa2 and long-term counterparty risk assessment of Caa1(cr) on review with direction uncertain.

The agency also downgraded the bank's baseline and adjusted baseline credit assessments to "ca" from "caa2." Its Not-Prime short-term deposit ratings and NP(cr) short-term counterparty risk assessment were affirmed.

The actions follow the lender's March 19 announcement that it tapped Citigroup Global Markets Ltd. to assist it in identifying investors interested in either acquiring the fully licensed bank or all or part of its assets and liabilities.

The downgrade of the baseline credit assessment reflects Moody's view that the lender has a provision shortfall which will have to be plugged either through a capital increase or through the sale of its assets and liabilities.

The review of the long-term deposit ratings and long-term counterparty risk assessment will focus on the outcome of the bank's search for investors. The direction of the resulting ratings action will depend on the extent of any capital raised or the credit profile of the potential acquirer of the bank's assets and liabilities.