Cyprus requests external financial assistance from the EU and the IMF | Eurobank
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Cyprus requests external financial assistance from the EU and the IMF

• Fitch downgrades Cyprus’s sovereign credit ratings by one notch to “BB+”
• Financial sector under pressure to meet a regulatory capital deadline
• Cypriot government bonds are no longer eligible as collateral in ECB refinancing operations
• Details of EU-IMF financial aid to be specified in coming days