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All reports tagged with: "credit rating"

Standard & Poor’s raises Cyprus rating

Ratings agency Standard & Poor’s has raised its foreign and local currency long-term sovereign credit ratings on the Republic of Cyprus to ‘BB+’ from ‘BB’ and has affirmed its ‘B’ foreign and local currency short-term sovereign credit ratings.

Moody’s raises Cyprus credit rating outlook

Moody’s ratings agency has raised its credit rating outlook for Cyprus to positive from negative, while confirming the island’s Caa3 credit rating, citing a stronger than expected performance in 2013.

Standard & Poor’s raises Cyprus rating as risks recede

Ratings agency Standard & Poor’s has provided a welcome boost to the island’s economy by raising its credit rating for Cyprus to B-/B from CCC plus/C arguing that the immediate risks to Cyprus’ austerity program had receded.

Fitch cuts Cyprus sovereign credit rating to ‘B’

Ratings agency Fitch has downgraded the Republic of Cyprus’ sovereign credit rating two notches on its belief that it may cost the government more to bailout the island’s banking sector than previously anticipated.

More junk from Standard & Poor’s

Standard & Poor’s has pushed Cyprus credit rating further into junk territory reflecting their view that its creditworthiness has deteriorated since the ratings agency’s downgrade on 2nd August.

Cyprus ratings lowered as bailout talks continue

Ratings agency Standard & Poor’s has cut Cyprus’ long-term sovereign credit rating a notch pushing it deeper into junk territory and placed it in on CreditWatch with negative implications.

Fitch cuts Cyprus credit rating to junk

Credit ratings agency Fitch downgraded the Island’s credit rating to “junk” status earlier today due to the amount of rescue money needed to bail out its banks, which are heavily exposed to the Greek economy.

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