Scope Ratings has maintained Cyprus’s rating at A- with a stable outlook.

Macro Political

• Tomorrow, Greece will auction 13 Weeks T-Bills with maturity August 1, 2025. The amount to be auctioned is EUR 500mn.
Source: PDMA

Markets
• Eurobank announced that the procedure in relation to the mandatory takeover bid for the acquisition of up to 100% of the issued share capital of Hellenic Bank submitted on 11 February 2025 has been completed. Further to the announcement published on April 11, 2025, in relation to the result of Takeover Bid, the Offeror intends to exercise the Squeeze Out right in order to acquire the 100% of the shares of the Target Company at the price of EUR 4,843 per share.
Source: ATHEX

Macro Political
• Scope Ratings maintained Cyprus’ credit rating at A- with a Stable Outlook.
In their report, Scope highlighted that Cyprus has solid fundamentals and strong growth potential, with one of the highest growth rates in the euro area, a solid consolidation trajectory, and a commitment to structural reforms supporting sustained improvements in the financial sector.
On the other hand, Cyprus’ rating is challenged by its small, open, and externally dependent economy, which is vulnerable to shocks. Additionally, its external position is characterized by large imbalances, reflecting high import needs, moderate savings, and significant repatriation of profits by foreign-owned companies. Lingering, although improving, vulnerabilities in the banking sector also weigh on the rating.
Source: Scope