Ukraine ratings at ‘BB-/BB’, outlook negative

Standard & Poor’s Ratings Services said it affirmed its ‘BB-‘ long-term foreign, ‘BB’ long-term local, and ‘B’ short-term sovereign credit ratings on Ukraine, reflecting fiscal concerns arising from a shortened electoral cycle.

Deutsche Bank Ratings Raised To ‘AA’

Standard & Poor’s Ratings Services said today it raised its long-term counterparty credit rating on Germany-based Deutsche Bank AG and various core operating entities to ‘AA’ from ‘AA-‘. The outlook is stable.

Cyprus retail sales accelerate in May

Retail sales growth accelerated in May, according to provisional data, rising by 5.5% year on year in volume terms, according to provisional data from the Statistical Service. Revised data for April reported