Standard & Poor's downgrades Cyprus 2 notches to CCC+ over heightened risk of debt default

  • by: MENELAOS HADJICOSTIS , Associated Press
  • Updated: December 21, 2012 - 4:34 AM

NICOSIA, Cyprus - Ratings agency Standard & Poor's on Friday downgraded Cyprus further into junk status amid concerns that the country could default on its debts.

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