Morningstar DBRS Upgrades Republic of Cyprus to A (low), Trend Remains Positive

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