BRIEF-Moody's says assigns Aa2 to $850m NYC GO bonds, Fiscal 2017 Series B
* Moody's assigns Aa2 to $850m NYC GO bonds, Fiscal 2017 Series B; Outlook stable Source text: (http://bit.ly/2gKbRjg)
SOCHI, Russia Dec 4 Cyprus has reached an agreement to receive financial support from European lenders, which makes it unlikely that the country will need a loan from Russia, Russia's Finance Minister Anton Siluanov said on Tuesday.
Cyprus has asked both Moscow and the European Union for aid to refinance its banks, severely affected by the euro zone debt crisis and exposure to Greece. The country may require up to 10 billion euros ($13 billion), according to a draft deal with international lenders seen by Reuters.
"Cyprus had agreed with European lenders on its own so I think it may not require Russian loans," Siluanov told journalists in the Russian city of Sochi.
But for the final agreement on Cyprus, euro zone finance ministers need the results of an audit of Cypriot banks, which will show how much money the sector will need to boost capital.
BOSTON, Dec 2 Donald Trump's U.S. presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said.
CHICAGO, Dec 2 U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices.