London, 13 March 2012 -- Moody's Investors Service has today downgraded
Cyprus's government bond ratings by one notch to Ba1 from Baa3 and has
assigned a negative outlook to the ratings. The rating agency has also
downgraded Cyprus's short-term rating to Not-Prime from Prime-3. Today's
rating action concludes the review for downgrade that Moody's initiated
on 4 November 2011.
Cyprus's government bond ratings by one notch to Ba1 from Baa3 and has
assigned a negative outlook to the ratings. The rating agency has also
downgraded Cyprus's short-term rating to Not-Prime from Prime-3. Today's
rating action concludes the review for downgrade that Moody's initiated
on 4 November 2011.
