Fitch downgrades Cyprus over threat of Greek contagion

cyprus-nicosia-presidential-palace

Fears that the effects of the sovereign debt crisis in Greece may be felt in neighbouring Cyprus prompted rating agency Fitch, on Tuesday, to downgrade the island's credit rating three notches.

Fitch cut its long-term credit rating of Cyprus from AA- to A-, four notches above non-investment grade. The agency also placed the country on negative outlook. "The downgrade reflects the severity of the crisis in neighbouring Greece and the risk this poses for the Cypriot banking system, and consequentl

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: