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Fitch Ratings has affirmed Bank of Cyprus Public Company Limited`s (BoC) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Positive Outlook and Viability Rating (VR) at `b-`, and has also affirmed Hellenic Bank Public Company Limited`s (HB) Long-Term Issuer Default Rating (IDR) at `B ` with a Stable Outlook and Viability Rating (VR) at `b `. In a press release, Fitch says that BoC`s ratings reflect its weak asset quality, which results in very high encumbrance of capital by unreserved problem assets, …
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