Frankfurt am Main, November 11, 2016 -- Moody's Investors Service, ("Moody's") has today affirmed Cyprus' long term issuer and senior unsecured bond rating at B1. Moody's has also affirmed Cyprus' Senior Unsecured MTN Programme at (P)B1, the short-term rating Commercial Paper at NP and its other short term rating at (P)NP. Further, the rating agency has changed the outlook on the government bond rating to positive from stable.

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