Cyprus Mail

S&P revises outlook to positive, keeps B+ rating (Update-1)

Standard & Poor’s revised Cyprus’s outlook to positive from stable and maintained its long-term and short-term local currency sovereign rating at B+ and B respectively, citing an expected government debt reduction.

While Cyprus’s economic prospects remain uncertain, its fiscal consolidation progress was faster than it anticipate, which led to a substantial decline in the government’s debt to gross domestic ratio from 2014, S&P said in a statement yesterday.

Related posts

Fish festival in Zygi

Eleni Philippou

Man jailed for drug possession

Staff Reporter

Impact of overseas Cypriots to be discussed at conference

Andria Kades

EAC works to shut Nicosia road

Staff Reporter

Labour minister continues efforts to solve hotels pay dispute

Andria Kades

New website seeks to ease return of artworks lost in 74

Staff Reporter