Announcements

    Drinks

      Instrument data
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      XS1989405425
      Coupon percent
      0.625%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      500,000,000
      Maturity date
      03/12/2024
      -
      BBB+ Outlook: Stable
      BBB+ Outlook: Stable
      Latest change
      Upgrade
      17/11/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Thomas Gillet Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope upgrades the Republic of Cyprus's credit ratings to BBB+; Outlook Stable

      17/11/2023 Rating announcement EN

      Scope upgrades the Republic of Cyprus's credit ratings to BBB+; Outlook Stable

      Solid economic fundamentals, a very favourable fiscal outlook and debt trajectory, and reduction in banking sector vulnerabilities drive the upgrade. A small, open economy, large non-performing exposures and high indebtedness are challenges.

      Scope upgrades the Republic of Cyprus's credit ratings at BBB; Outlook revised to Stable

      9/12/2022 Rating announcement EN

      Scope upgrades the Republic of Cyprus's credit ratings at BBB; Outlook revised to Stable

      Better-than-expected economic and fiscal outcomes, a favourable public debt trajectory and continued strengthening in the banking sector drive the upgrade. A small, open economy, large non-performing exposures and macroeconomic imbalances are challenges.

      Scope affirms the Republic of Cyprus's credit ratings at BBB-; Outlook revised to Positive

      24/6/2022 Rating announcement EN

      Scope affirms the Republic of Cyprus's credit ratings at BBB-; Outlook revised to Positive

      Solid growth and consolidation prospects underpinned by structural reform and sustained strengthening of the banking sector drive the Outlook change. An open and concentrated economy, elevated non-performing exposures and high indebtedness are challenges.

      Scope affirms the Republic of Cyprus's credit ratings at BBB- with a Stable Outlook

      14/1/2022 Rating announcement EN

      Scope affirms the Republic of Cyprus's credit ratings at BBB- with a Stable Outlook

      Strong growth potential, solid fiscal consolidation prospects, and structural reform momentum support the ratings. An externally dependent and concentrated economy, banking sector fragilities and high public, private and external debt are challenges.

      Scope affirms Cyprus’ credit rating of BBB- with Stable Outlook

      23/8/2019 Rating announcement EN

      Scope affirms Cyprus’ credit rating of BBB- with Stable Outlook

      Strong economic recovery, sustained fiscal consolidation, and euro area membership support the rating; a concentrated and externally-dependent economy, vulnerabilities in the banking sector and elevated public, private and external debt are constraints.

      Date Title