CI Ratings ups Cyprus outlook to ‘positive’

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CI Ratings ups Cyprus outlook to ‘positive’
 © FinancialMirror 2022
Capital Intelligence Ratings affirmed late Friday the Republic of Cyprus long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) at ‘BB+’ and ‘B’, respectively, revising the outlook for the ratings from ‘stable’ to ‘positive’ on strong recovery. CI Ratings said the revision of the outlook “reflects strong prospects of recovery from the adverse impact of Covid-19 with real GDP returning to solid growth, tourism recovering faster than expected, and the public finances set to improve.” It said that “the ratings are supported by declining refinancing risks in tandem with...

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Article automatically added to our system on Saturday, September 18, 2021

CI Ratings ups Cyprus outlook to ‘positive’

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Article Tags: #ratings   #cyprus   #outlook   #positive  

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