Monexnews-the European Union gave Cyprus time until Monday to raise billions of euros are needed to obtain an international bailout or face a collapse of the financial system that could encourage Cyprus to get out of the euro zone. The rating agency Standard Poor's cut its rating & Cyprus into the CCC from CCC +, warned "that the absence of a source of capital and fiscal financing credible, risk of occurrence of collapse increases." The Downgrade came after the Governor of the central bank of Cyprus Panicos Demetriades said it would take a policy to consolidate the banking sector, including measures to avoid bankruptcy the Cyprus Popular Bank. (xiang)
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Title Post: S&P Prune Rating Cyprus Into The CCC
Rating: 100% based on 99998 ratings. 5 user reviews.
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Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Unknown
Thank you for your coming
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