Moody's: Cyprus view to positive

Moody's Investors Service said it changed the outlook on Cyprus' Caa3 government bond rating to positive from negative.

Concurrently, the agency affirmed Cyprus's Caa3/Not-Prime ratings.

Moody's said the key drivers of the outlook change are: (a) Stronger-than-expected fiscal and economic performances in 2013; and (b) the Cypriot authorities' track record of meeting conditions under the Troika funding program, which increases confidence that it will continue to benefit from this support.

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