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Moodys downgrades Cyprus bonds

Cyprus moved closer to becoming the fourth eurozone country to need a bail-out after Moody's downgraded its bonds to just two notches above junk, arguing that political turmoil on the island and its exposure to Greek debt raised questions about its ability to service its own debt.

Source: FInancial Times

http://www.ft.com/intl/cms/s/0/5bce85e4-b82b-11e0-8d23-00144feabdc0.html

30 2011 | View: 666 | News / Theme of day | Printint version
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