Credit Rating Report

Morningstar DBRS Confirms Republic of Cyprus at BBB (high), Stable Trend

Sovereigns

Summary

DBRS Ratings GmbH (Morningstar DBRS) confirmed the Republic of Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (high). At the same time, Morningstar DBRS confirmed the Republic of Cyprus’ Short-Term Foreign and Local Currency – Issuer Ratings at R-1 (low). The trend on all ratings remains Stable.

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