RCB Bank’s credit rating affirmed, Outlook upgraded to positive by Moody’s
Moody’s Investors Service has affirmed RCB Bank’s deposit rating and upgraded its outlook from stable to positive in its newly published and updated press release on the Bank.
RCB Bank’s rating by Moody’s has remained unchanged at B1, which constitutes the highest rating among Cypriot banks. In addition, its outlook has been upgraded from stable to positive. This stability in the Bank’s rating and the change of its outlook to positive gains more importance, given a pandemic-induced fragile economic environment.