NICOSIA Air Jordan 5 Shoes For Sale , Oct. 25 (Xinhua) -- Rating agencies Fitch, Standard & Poor's have upgraded Cyprus's ratings, citing a better than expected performance of the economy, according to statements made available in Nicosia on Saturday.
Cyprus is in the second year of a three-year economic adjustment program following its bailout by the Eurogroup and the International Monetary Fund (IMF) in March Air Jordan 6 Shoes For Sale , 2013.
The eastern Mediterranean island received a 10-billion-euro (12.7 billion U.S. dollars) package which plucked it off the brink of bankruptcy following years of mismanagement of public finances and its shutting out of international markets in mid-2011.
Fitch upgraded Cyprus's outlook to positive from stable, citing better than expected public finances performance and smaller budget deficits.
The agency also affirmed its long-term foreign and local currency Issuer Default Ratings (IDRs) at "B-", as well as the issue ratings on Cyprus's senior unsecured foreign and local currency bonds at "B-".
It said developments in public finances continued to materially exceed its April previous expectations due in part to a shallower recession and a substantially lower public deficit as a result of strong performance by tourism and the services sectors.
Fitch expects the recession to last longer than assumed under the EUIMF program, with the economy projected to shrink by around 0.8 percent in 2015.
Standard & Poor's Ratings Services raised its long-term foreign and local currency sovereign credit ratings for Cyprus to "B+" from "B" and also affirmed the short-term foreign and local currency ratings at "B".
It said Cyprus's outlook remains at stable.
"Cyprus is strongly committed to its economic adjustment program Air Jordan 11 Shoes For Sale , " Standard & Poor's said, projecting Gross Domestic Product to contract by about 3 percent in 2014 against a forecast of 3.8 percent.
The agency said it expects a growth of 0.6 percent in 2015.
Cyprus's government welcomed the upgrading as a positive development and vowed to continue its reforms and the streamlining of the economy.
DALIAN, Oct. 18 (Xinhua) -- The fourth plant of Dongfeng Nissan Passenger Vehicle Company, a joint venture between Japanese automaker Nissan and its Chinese counterpart Dongfeng Motors Corporation Air Jordan 1 Shoes For Sale , was put into operation on Saturday in the northeastern port city of Dalian.
The plant, with an investment of 5 billion yuan (813 million U.S. dollars) and an annual production capacity of 150,000 automobiles, will focus on the production of SUV Air Jordan Shoes For Sale , according to Ren Yong, deputy general manager of the joint venture.
The first product to hit the market will be its X-Trail-branded SUV, he said.
The plant, which began construction in June 2012 Jordan 5 Shoes For Sale , will double its annual production capacity when its second-phase construction is completed. Ren did not elaborate when the second-phase project would be finished.
Dongfeng Nissan has another three plants in Guangzhou, Xiangyang and Zhengzhou.The company's four factories are expected to produce more than 1.5 million vehicles annually by 2015.
(To stay up to date with the latest China news, follow XHNews on Twitter at http:www.twitterXHNews and Xinhua News Agency on Facebook at http:www.facebookXinhuaNewsAgency.)
British singer-songwriter Ed Sheeran's track "Thinking Out Loud" returned to the top of the British music singles chart on Sunday, five weeks after it last held the spot Jordan 6 Shoes For Sale , the Official Charts Company said.
The song, which last month recorded the longest ever climb to No.1 after 19 weeks in the top 40, set a new record for the most streamed track in a week by racking up more than 1.67 million audio streams over the last seven days.
Union J's "You Got It All" was a new entry at No.2 , while last week's chart topper Jordan 11 Shoes For Sale , Take That's "These Days," slipped to third place.
Take That's album III went straight in at No.1 however, out selling second-placed X by Ed Sheeran by more than 38,000 copies to give the British pop veterans their 7th chart-topping album.
Australian rock band ACDC's Rock or Bust was also a new entry in the album chart at No.3.
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