DBRS Morningstar Upgrades Republic of Cyprus to BBB (high), Stable Trend

DBRS Ratings GmbH (DBRS Morningstar) upgraded the Republic of Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings from BBB to BBB (high). At the same time, DBRS Morningstar upgraded the Republic of Cyprus’ Short-Term Foreign and Local Currency – Issuer Ratings from R-2 (high) to R-1 (low). The trends on all ratings remain Stable.