Cyprus’ Sovereign Rating Upgraded; Outlook Remains Positive

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has upgraded the Republic of Cyprus' Long-Term Foreign Currency (LT FC) Issuer Rating to 'BB+' from 'BB' and affirmed its Short-Term Foreign Currency (ST FC) Rating at 'B'. The Outlook for the Long-Term ratings remains Positive.

Attachments

• Credit Rating Announcement (CRA)
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• Sovereign Rating Report (Cyprus)
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