Moody’s downgrades Cyprus to junk status

cyprus-flag

Moody's Investors Service today (March 14) downgraded Cyprus's government bond ratings to junk status, quoting fears over the country's banks' exposure to Greece as one of the reasons.

The rating agency dropped the government bond rating by one notch to Ba1 from Baa3 and assigned a negative outlook to the ratings. Moody's also downgraded Cyprus's short-term rating to not-prime from prime-3.

Moody's described two "key drivers" for its actions. The first was "the increased risk that the Cypriot

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: