Sunday, 30 June 2013

Cyprus ratings cut over debt swap by Standard & Poors Ratings Services and Fitch

NICOSIA,  Cyprus’s bond ratings have been downgraded by Standard & Poors Ratings Services and Fitch following Nicosia’s announcement that it would swap one billion euros in local bonds for longer maturities.
On Thursday, the finance ministry said that government bonds maturing in 2013...Cyprus ratings cut over debt swap by Standard & Poors Ratings Services and Fitch

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