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Rating Agency DBRS Morningstar confirmed Cyprus long term credit rating to BBB(low) maintaining a stable outlook, citing that the Cyprus economy exhibited a less than expected economic contraction and that the risks to the ratings are broadly balanced risks despite the contraction due to the Covid-19 pandemic. In written statement, Finance Minister Constantinos Petrides said the government will continue supporting the economy enabling both the economy and the labour market to return to grow once the pandemic has subsided. “The Cypriot economy …
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