Fitch Ratings upgrades Cyprus' credit rating due to improved fiscal health and economic prospects.
Fitch Ratings has upgraded Cyprus' credit rating to 'A-' from 'BBB+', citing rapid debt reduction, strong fiscal surpluses, and improved economic prospects. The upgrade reflects Cyprus' successful fiscal management and banking sector improvements, with debt expected to drop below 60% of GDP next year. This rating boost is expected to attract more foreign investment.
4 months ago
6 Articles
Articles
Further Reading
You have 13 free stories remaining this month. Subscribe anytime for unlimited access.