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Society

Fitch Ratings Company Has Positive Outlook – Some Bonds Get B –

International financial observers believe Cyprus may not need all €10 billion in the international bailout package it received two years ago.

The Fitch Ratings company “said that it has affirmed Cyprus`s long-term foreign and local currency Issuer Default Ratings (IDRs) at `B-` with a positive outlook. The issue ratings on Cyprus`s senior unsecured foreign and local currency bonds have also been affirmed at `B-`,” according to CNA.

Firtch “affirmed Cyprus`s long-term foreign and local currency Issuer Default Ratings (IDRs) at `B-` with a positive outlook. The issue ratings on Cyprus`s senior unsecured foreign and local currency bonds have also been affirmed at `B-` CNA also reported.

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