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Fitch drives Cyprus deeper into junk status

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NICOSIA, Cyprus (AP) — International credit rating agency Fitch has downgraded Cyprus a couple more notches into junk status amid concerns that the government's support for the country' troubled banks could cost more than previously thought. The agency cut its rating on Cyprus to B from BB- and warned of more possible downgrades as it predicted that the banks' recapitalization needs could be as...

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