Credit Rating Report

Morningstar DBRS Upgrades Republic of Cyprus to A (low), Trend Remains Positive

Sovereigns

Summary

DBRS Ratings GmbH (Morningstar DBRS) upgraded the Republic of Cyprus' (Cyprus) Long-Term Foreign and Local Currency -- Issuer Ratings from BBB (high) to A (low). The trend on all Long-Term ratings remains Positive. At the same time, Morningstar DBRS confirmed Cyprus' Short-Term Foreign and Local Currency -- Issuer Ratings at R-1 (low). The trend on all Short-Term ratings remains Stable.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating