Monday October 26 2015
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Cyprus
Link: https://www.fitchratings.com/site/fitch-home/pressrelease?id=992790
Fitch Ratings has upgraded Cyprus`s Long-term foreign and local currency Issuer Default Ratings (IDRs) to `B+` from `B-`. The Outlooks are Positive. The issue ratings on Cyprus`s senior unsecured foreign and local currency bonds have also been upgraded to `B+` from `B-`. The Country Ceiling has been raised to `BB+` from `BB-` and the Short-term foreign currency IDR has been affirmed at `B“.
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