Need help understanding some cursor code

I need help understanding some sql which uses Cursors. Look at lines 7 and 8 below. What is this code doing? Is it selecting the very first row of the cursor and storing it in the variables (@lchCountryCode, @lchPrefix, @lchSuffix), or is it selecting the last row? I need some help understanding this and am seeking expert help please.


1     DECLARE CURS_COUNTRY
2     FOR
3      SELECT COPAL_COUNTRY_CD, COPAL_PREFIX, COPAL_SUFFIX
4      FROM TBL_FCTS_COPAL_STATE_CDS COPAL
5      WHERE COPAL.COPAL_ACTIVE = 1
6       ORDER BY COPAL_STATE_CD


7      OPEN CUR_COUNTRY
8      FETCH NEXT FROM CURS_COUNTRY
9      INTO @lchCountryCode, @lchPrefix, @lchSuffix