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Banking Law, Government

Fitch confirms Cyprus at ‘BBB-‘; Outlook Stable

October 5, 2020October 5, 2020Michalis C. ZambartasCyprus, economy, fitch, rating

Fitch Rating Agency confirmed Cyprus’s Long-Term Foreign-Currency Issuer Default Rating (“IDR”) at ‘BBB-‘ with a Stable Outlook. According to Fitch one of the key rating drivers is that the COVID-19
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  • Implementation of the Ultimate Beneficial Owner (UBO) Register of Companies and Other Legal Entities in Cyprus
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