Morningstar DBRS Changes Trend on Republic of Cyprus to Positive, Confirms at BBB (high)

DBRS Ratings GmbH (Morningstar DBRS) confirmed the Republic of Cyprus' Long-Term Foreign and Local Currency - Issuer Ratings at BBB (high). The trend on the Long-Term ratings has been changed to Positive from Stable. 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 Short-Term ratings remains Stable.