Moody's upgraded Cyprus' economic outlook to positive, affirming Baa2 long-term credit rating.

Moody's upgraded Cyprus' economic outlook from stable to positive, affirming its long-term credit rating at Baa2. The decision reflects Moody's confidence in Cyprus' potential for strong fiscal and debt outcomes due to prudent fiscal policies, medium-term economic growth prospects, and a strengthening banking sector. Cyprus' public debt is projected to decline to below 65% of GDP by 2025.