Welp...

...found a new place to stuff all that BBB- paper!  Let it ride!

ECB/CYPRUS: the European Central Bank announced it has suspended the application of the minimum credit rating threshold in the collateral eligibility requirements for the purposes of the Eurosystem's credit operations in the case of marketable debt instruments issued or guaranteed by the Cypriot government. This suspension will be maintained until further notice, said the ECB.