Cyprus’ Sovereign Ratings affirmed by Capital Intelligence Ratings

cyprus’-sovereign-ratings-affirmed-by-capital-intelligence-ratings
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Capital Intelligence Ratings (CI Ratings or CI) announced Friday 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. At the same time, the Outlook for the ratings was affirmed as Stable. According to a press release by CI Ratings, ratings and outlook reflect CI’s expectation that the economy will recover in the second half of 2021 and that the economic and fiscal disruption caused …

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