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S&P confirms RCB Bank rating as 'BB- / B'

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S&P confirms RCB Bank rating as 'BB- / B'

Insider / ΚΥΠΕ

S&P Global Ratings confirmed RCB Bank 's long – term and short – term “BB- / B” credit ratings due to the stable asset quality and strong capitalization position, with stable outlook.

According to an announcement by the Bank, this rating, in combination with those of other international companies, continue to rank RCB Bank as one of the institutions with the highest ratings in Cyprus.

“RCB Bank's strengths, such as its strong capital adequacy and asset quality, are among the most important S&P valuation factors. “The S&P rating is another confirmation that RCB Bank maintains a strong and stable position,” it said.

Source: www.philenews.com

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