June 23, 2017 / 3:39 PM / 2 months ago

BRIEF-Fitch says Cyprus bond issue reduces refinancing risks

June 23 (Reuters) - Fitch:

* Cyprus bond issue reduces refinancing risks

* Cyprus's EUR850 million bond issue reduces refinancing risks and demonstrates sovereign's improved financing flexibility

* Banking sector's "exceptionally" weak asset quality poses a significant downside risk to economic recovery Source text for Eikon: (Bengaluru Newsroom: +91 806 749 1136)

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