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The credit profile of Cyprus (Ba2 stable) reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody`s Investors Service has said in an annual report. Moody’s warned on Wednesday that it could change the rating outlook to negative if the positive debt trend were to reverse, or if recent legislative actions in the banking sector failed to significantly reduce non performing exposures (NPEs). “Cyprus` strong growth trends and primary …
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