Cyprus rating on review for possible downgrade, says Moody’s

Moody's Investors Service placed Cyprus's Aa3 government bond ratings on review for a possible downgrade, the rating agency said on Thursday.
Citing a recent deterioration in fiscal metrics, competitiveness issues and the Cypriot banking sector's exposure to macroeconomic stress in Greece, Moody's said the rating could be adjusted downwards by more than one notch.