Fitch Ratings-London-20 March 2013: Fitch Ratings has placed Bank of Cyprus’ (BoC; ’B’/Rating Watch Negative) and Cyprus Popular Bank’s (CPB; ’B’/Rating Watch Negative) Cypriot covered bonds on Rating Watch Negative (RWN), as follows:
BoC covered bonds (Greek cover pool): ’B’ placed on RWN
BoC covered bonds (Cypriot cover pool): ’B+’ placed on RWN
CPB covered bonds (Programme I): ’B’ placed on RWN
CPB covered bonds (Programme II): ’B+’ placed on RWN