Greek News Cyprus ECB Begins Cyprus Bonds Purchases Following Investment-Grade Upgrade

ECB Begins Cyprus Bonds Purchases Following Investment-Grade Upgrade

The European Central Bank (ECB) recommenced purchases of Cypriot government bonds following the upgrade of Cyprus credit rating to investment-grade by Standard and Poor’s.
Purchases of Cyprus bonds by the ECB in the context of the ECB’s Public Sector Purchase Program ceased in early 2016, after Cyprus concluded its financial assistance program but its sovereign credit rating remained below investment-grade status.
Under the ECB PSPP’s rules, eligible countries should have investment-grade sovereign ratings by at least of rating agency or implement an economic adjustment program with a positive review.
With information from C.N.A.

Related Posts

2021 Golden Globes Award Winners: Full List

The 2021 Golden Globes took place on February 28 at 5 PM PST, hosted by Tina Fey and Amy Poehler, streaming from opposite coasts...

Coronavirus Vaccine Certificate “By Summer” EU Leaders Decide

Thursday's coronavirus summit resulted in a surprisingly swift decision to issue vaccine certificates to ease travel by the Summer of 2021.

Covid-19: Hospitals on the Red in Greece as Intubations Reach 406 Monday

Health officials in Greece are concerned about the nation's hospitals after the number of intubated patients with Covid-19 reached 406 Monday.