The Best Cyprus Community

Skip to content


S & P cuts Cyprus’ credit grade by one notch to BBB

Everything related to politics in Cyprus and the rest of the world.

S & P cuts Cyprus’ credit grade by one notch to BBB

Postby CBBB » Fri Oct 28, 2011 5:40 am

Washington Post - 28.10.2011

International rating agency Standard & Poors on Thursday cut Cyprus’ credit grade by one notch to BBB, or two notches above junk status, over concerns about its banks’ exposure to Greece’s debt and delays in shoring up its public finances.

The agency also kept the eurozone member on CreditWatch negative, meaning that further downgrades are possible.

http://www.balkans.com/open-news.php?un ... ber=124581
User avatar
CBBB
Leading Contributor
Leading Contributor
 
Posts: 11521
Joined: Tue May 20, 2008 1:15 pm
Location: Centre of the Universe

Return to Politics and Elections

Who is online

Users browsing this forum: No registered users and 0 guests