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Rating agency DBRS has changed the trend for the Cypriot economy to positive from stable while maintaining its Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low), citing the improved sovereign debt trajectory, driven by sustained robust economic growth, large primary surpluses and early debt repayments. “The positive trend reflects DBRS Morningstar’s view that the outlook for the downward trajectory in the public debt ratio has improved, driven by sustained robust economic growth, large primary surpluses and early …
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