Fitch Ratings has downgraded Cyprus’s Long-term foreign currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’ with a Negative Outlook, and the local currency IDR to ‘CCC’ from ‘B’. The Rating Watch Negative (RWN) on both ratings has been removed. The Short-term foreign currency IDR and the Country…
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Fitch Downgrades Cyprus FC IDR to ‘B-‘; Negative Outlook; LC IDR Downgraded to ‘CCC’