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RCB Bank rating confirmed by SP - highest in Cyprus
November 13, 2020
S&P Global Ratings in an annual report published on Wednesday confirmed the creditworthiness of RCB Bank at BB- / B with a stable outlook — this is the highest rating currently among Cyprus banks.
A ‘BB-‘ rating shows that the entity is less vulnerable to changes in the external environment. However, it faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions that could lead to its inadequate capacity to meet its financial commitments.