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
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