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Capital Intelligence Ratings (CI) announced that it has affirmed the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating ((ST FCR) at ‘BB+’ and ‘B’, respectively, reflecting on the strong prospects of recovery from the adverse effects of COVID-19.The Outlook for the ratings has been revised to Positive from Stable.In a statement, CI said the revision of the outlook reflects strong prospects of recovery from the adverse impact of Covid-19 with real GDP returning to …
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