Upgrade of the Cypriot Economy to 'A' Rating by Leading Rating Agencies
December 14, 2024
The Cypriot economy has been upgraded to an 'A' rating by Moody’s, Fitch, and Standard & Poor’s, indicating its stabilization and growth. President Nikos Christodoulides emphasizes that banks should respond to the sacrifices of the Cypriot people by lowering interest rates and supporting the economy. The upgrade is a result of collective efforts for transparency and responsible governance. Positive evaluations highlight the progress made in economic matters in Cyprus.