Cyprus Mail
Cyprus

Fitch upgrades Cyprus to B+ citing fiscal, economic overpeformance (Updated)

By Stelios Orphanides
Fitch Ratings upgraded Cyprus’ long-term foreign and local currency issuer default rating by two notches to B+ and placed it on positive outlook citing a fiscal “over-performance,” an expected declining trend of government debt, the implementation of cash-for-reforms programme including the foreclosure law and faster economic recovery.

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