DBRS confirms Republic of Cyprus at BBB (low), trend changed to stable
DBRS Ratings confirmed the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low) and changed the trend to Stable from Positive. At the same time, DBRS Morningstar confirmed the Republic of Cyprus’s Short-Term Foreign and Local Currency – Issuer Ratings at R-2 (middle) and changed the trend to Stable from Positive.
The trend change from Positive to Stable reflects the fact that the improvements in the public debt trajectory, driven by sustained robust economic growth and large primary surpluses, will no longer be the case in the near term as a result of the global Coronavirus Disease (COVID-19).
(CNA)
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The trend change from Positive to Stable reflects the fact that the improvements in the public debt trajectory, driven by sustained robust economic growth and large primary surpluses, will no longer be the case in the near term as a result of the global Coronavirus Disease (COVID-19).
(CNA)
*The full text of the news item is available in the paid version of the CNA web service. Subscription Form
*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
from Cyprus News Agency
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