DBRS Morningstar Upgrades the Republic of Cyprus to BBB, Trend Changed to Stable
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Summary
DBRS Ratings GmbH (DBRS Morningstar) upgraded the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings from BBB (low) to BBB and changed the trend from Positive to Stable. At the same time, DBRS Morningstar upgraded the Republic of Cyprus’s Short-Term Foreign and Local Currency – Issuer Ratings from R-2 (middle) to R-2 (high) and changed the trend from Positive to Stable.