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All reports tagged with: "Standard and Poor’s"

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.

More junk piled on Cyprus by Standard & Poor’s

Standard & Poor’s Ratings Services pushed Cyprus further into junk territory by lowering its long and short-term sovereign credit ratings by two notches to CCC+. The outlook is negative.

Second agency cuts Cyprus credit rating

Following the announcement by Moody’s on Wednesday, Standard & Poor’s became the second agency to cut Cyprus’ rating this week citing the government’s indecision in introducing substantial consolidation measures.

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