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DBRS Morningstar confirmed Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low) and changed the trend to Positive from Stable. At the same time, DBRS Morningstar confirmed Cyprus’s Short-Term Foreign and Local Currency – Issuer Ratings at R-2 (middle) and changed the trend to Positive from Stable.The credit rating agency said that the Positive trend reflected its expectation that Cyprus’s public debt ratio “will most likely return to its pre-pandemic downward path, starting this year, underpinned by …
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