Capital Intelligence, an international credit rating agency, announced recently that it has raised Bank of Cyprus (BoC) Financial Strength Rating (FSR) to 'B' on 'Stable' Outlook (from 'B-' on 'Positive').
The upgrading reflects “the significant €1 billion capital increase which has also strengthened the Bank's shareholder base and corporate profile,” the rating agency said.
Source: InCyprus
