News Headline Summary

S&P says risk of debt default in Cyprus is material

- Could revise outlook on Portuguese debt to stable if further progress is made.
- German AAA rating indicates that a downgrade is unlikely in next 2 years.
- Sees reduced chance of Greek exiting the Eurozone bloc.

Analysis details (10:05)

- All three major ratings agencies have Cyprus on negative outlook.
- Moody's rates at Caa3, S&P at CCC+ and Fitch at B.

20 Feb 2013 - 09:40 - - Source: Newswires

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