The
Government welcomes the announcement
by
Moody’s regarding the Bank of Cyprus
The
Government welcomes the announcement by the international Credit
Rating Agency Moody`s on the completion of the first phase of capital
increase
of the Bank of Cyprus, the Government Spokesman Mr Nikos
Christodoulides said today.
Speaking
to the Press,
at the Presidential Palace, the Government Spokesman said that the
government welcomes the view of the Credit Rating Agency that the
capital increase of the Bank will improve its liquidity and its
financial position and that it will increase investor confidence and
possibly open up other funding prospects.
Mr
Christodoulides pointed out that the announcement is “particularly
important.”
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