Scope upgrades Cyprus’ credit rating to ‘A’
Berlin-based credit rating agency Scope on Saturday announced that it had upgraded Cyprus’ long-term credit rating from ‘A-’ to ‘A’.
In justifying its decision, it cited a “significant reduction” of ...
S&P upgrades Cyprus’ credit rating to ‘positive’
Credit rating agency S&P has upgraded the outlook of Cyprus’ economy from “stable” to “positive”, citing a “faster than expected” improvement in external debt ratios.
The island’s ...
Cyprus’ credit rating restored to ‘A’ grade by Moody’s
Ratings agency Moody’s on Saturday restored Cyprus’ credit rating to its ‘A’, specifically giving the island a score of ‘A3’, restoring the island to the ‘A’ grade for the ...
Two Cypriot banks have credit ratings upgraded
Two Cypriot banks, the Bank of Cyprus and the Hellenic Bank, had their credit ratings upgraded by investment service Moody’s on Monday.
Both had their long-term deposit ratings increased ...
Finance ministry ‘examining’ ways to alleviate cost-of-living crisis
The finance ministry is “examining and costing scenarios” for potential new measures to support people facing ongoing difficulties with the cost of living, Minister Makis Keravnos said on Monday.
He ...
Worsening management of Cyprus economy and delays in reforms
There are growing concerns about the recent weakening of economic activity, the persistence of inflation, and the deterioration in the government finances in Cyprus that come on top of underlying ...
DBRS Morningstar changes trend on Cyprus to positive
DBRS Morningstar credit rating agency has confirmed Cyprus’ long-term foreign and local currency – issuer ratings at BBB (low) and changed the trend to positive from stable.
At the same time, ...