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Cyprus Economy - Credit Rating

Standard & Poor's credit rating for Cyprus stands at B+. Moody's rating for Cyprus sovereign debt is B3. Fitch's credit rating for Cyprus is B-. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Cyprus thus having a big impact on the country's borrowing costs.  (http://www.tradingeconomics.com/cyprus/rating)