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

Thu, 27/10/2011 - 19:51 — Sarah Fenwick

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

Thu, 06/08/2009 - 20:49 — Adrienne Morley

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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