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Europe Daily Bulletin No. 11067

26 April 2014
ECONOMY - FINANCE - BUSINESS / (ae) cyprus
S&P raises Cypriot credit rating

Brussels, 25/04/2014 (Agence Europe) - On Friday 25 April, Standard and Poor's credit rating agency raised Cyprus' long-term rating from B- to B with stable prospects. It said its decision was due to the better-than-expected budget and economic performance in 2013, and it is considering a further raise in 2014 if a similar performance is seen this year. Implementation of the structural adjustment programme attached to the financial aid received a little over a year ago reduces the risks of...