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GreekReporter.comGreek NewsCyprusFitch: Cyprus May not Use Entire Bailout

Fitch: Cyprus May not Use Entire Bailout

CyprusFitch Ratings said it no longer assumes that Cyprus will use the entire €10 billion of its international bailout package from two years ago.
The credit ratings agency said it has affirmed Cyprus’ long-term foreign and local currency Issuer Default Ratings (IDRs) at “B-” with a positive outlook.
The ratings on Cyprus’ senior unsecured foreign and local currency bonds have also been affirmed at “B-”
(source: CNA)

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