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Cyprus to Shed Junk Rating

Cyprus to Shed Junk RatingCyprus to Shed Junk Rating

Cyprus wants investors to see it as a comeback kid. With an accelerating economy, the island nation that was forced to seek a bailout and impose a levy on bank deposits in 2013 is betting on an end to its junk rating, Bloomberg reported. That should make it an attractive place for investors, the country’s leaders are saying. “What has been achieved is nothing short of a remarkable recovery—a rebound which came much sooner than anyone was expecting,” Finance Minister Harris Georgiades had told investors in New York on March 22.

 

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