Cyprus edges closer to ‘junk’ rating


Fitch Ratings downgraded the Republic of Cyprus's long-term foreign and local currency issuer default ratings to BBB from A- on Wednesday.

The outlook on the long-term issuer default rating was also labelled "negative" by the ratings agency. This is the second time in four months that the agency has downgraded the country's rating.

"The two-notch downgrade of Cyprus's rating to BBB reflects the actual and anticipated fiscal slippage, compounded by Fitch's expectation that the sovereign will be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account