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cyprus bonds

S&P's Cuts Cyprus Sovereign Credit One Notch to BBB

standard&poors cyprusStandard & Poor's Rating Services has cut Cyprus' long-term sovereign credit rating by one notch to BBB from BBB+ and the short-term rating to A-3 from A-2.

The main reasons for the downgrade are the island's exposure to Greek debt and the potential for a further devaluation of Greece's sovereign bonds.

First Draft for Cyprus Govt Three Billion Euro Bonds Issue

Three billion euros in bonds are set to be introduced to the market with the drafting of a legal framework in a bid to inject liquidity into the Cyprus market.

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Are the authorities doing enough to prosecute those accountable for Cyprus' financial crash?
Yes, but it takes time to find evidence
7%
No, they are not moving fast enough
73%
Don't know
21%
Total votes: 320