Upgrade of Cyprus's Economy by Moody's
November 23, 2024
Moody's has upgraded Cyprus's rating by two notches to A3, marking the first time this has happened in 13 years. The upgrade is based on improvements in public finances and a significant reduction in public debt. President Christodoulides described this event as a vote of confidence in the government's policies and the country's economy. The upgrade is expected to attract quality investments and create new job opportunities.