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Cyprus has long-term rating cut by Fitch

Cyprus has long-term rating cut by Fitch

News
Jamie Coleman
25/01/2013 | 18:57 GMT
  • Rating now “B” with negative outlook

No reaction from EUR/USD.

Cyprus is so small that Europe can afford to absorb the hit, unlike the situations in Italy and Spain.

  • Negative outlook primarily reflects continued policy uncertainty
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