Rating Report

DBRS Morningstar Upgrades Republic of Cyprus to BBB (high), Stable Trend

Sovereigns

Summary

DBRS Ratings GmbH (DBRS Morningstar) upgraded the Republic of Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings from BBB to BBB (high). At the same time, DBRS Morningstar upgraded the Republic of Cyprus’ Short-Term Foreign and Local Currency – Issuer Ratings from R-2 (high) to R-1 (low). The trends on all ratings remain Stable.

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