Cyprus ratings

Fitch Cyprus upgrade a , ‘vote of confidence’

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Fitch Cyprus upgrade a , ‘vote of confidence’

Fitch has raised the sovereign credit rating for Cyprus by a notch, with the country’s president saying this is a “vote of confidence” and a reward for maintaining a resilient economy. The rating agency said it upgraded Cyprus from ‘BBB’ to ‘BBB+’, which indicate that expectations of default risk are currently low. According to Fitch, … Read more

CI raises Cyprus outlook on lower fiscal risk, better NPLs

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CI raises Cyprus outlook on lower fiscal risk, better NPLs

Capital Intelligence has revised upwards the sovereign ratings for Cyprus due to a faster than projected decline in general government debt, consistent primary fiscal surpluses, proactive debt management, progress in clearing up non-performing loans in the banking system, and declining government contingent liabilities from the banking sector.