Agency cuts Cypriot credit rating

International ratings agency Standard & Poors has cut Cyprus’s credit grade by one notch to BBB – just two notches above junk status.

Agency cuts Cypriot credit rating
Thu, 27 Oct, 2011 - 20:35

International ratings agency Standard & Poors has cut Cyprus’s credit grade by one notch to BBB – just two notches above junk status.

The agency also kept the island nation on CreditWatch negative, a warning of additional future downgrades.

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