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Moody’s rating agency says that the new sale of a bad loan portfolio by the Bank of Cyprus, puts the bank in a better position to deal with an inflow of new NPEs arising from the coronavirus-induced economic downturn, a fact that is a credit positive.Moody’s issued a comment on the bank after the sale on 18 January, of and additional portfolio of non-performing loans with a gross book value of €545 million, to funds affiliated with Pacific Investment Management …
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