Moody’s upgrades Cyprus bonds to BA3

Moody’s upgrades Cyprus bonds to BA3

Moody’s rating agency announced late on Friday that it has upgraded the government bond ratings of Cyprus to ‘BA3’, while maintaining a positive outlook on the island’s rating as improvements in economic resilience, continuing fiscal outperformance are likely to be sustained, it noted.

Moody’s also stated that Cyprus’s long-term country ceilings have been raised, to reflect continuing improvements in economic resilience and fiscal outperformance.


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