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      Instrument data
      Issuer
      CYPRUS, REPUBLIC OF (GOVERNMENT)
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      XS2610236445
      Coupon percent
      4.125%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      1,000,000,000
      Maturity date
      13/04/2033
      -
      BBB+ Outlook: Stable
      BBB+ Outlook: Stable
      Latest change
      New
      28/12/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Thomas Gillet Lead analyst
      Alvise Lennkh-Yunus Committee chair
      Scope upgrades the Republic of Cyprus's credit ratings to BBB+; Outlook Stable

      17/11/2023 Rating announcement EN

      Scope upgrades the Republic of Cyprus's credit ratings to BBB+; Outlook Stable

      Solid economic fundamentals, a very favourable fiscal outlook and debt trajectory, and reduction in banking sector vulnerabilities drive the upgrade. A small, open economy, large non-performing exposures and high indebtedness are challenges.

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