DBRS Upgrades Cyprus to 'A' Rating
September 20, 2025
The international credit rating agency DBRS has upgraded Cyprus's creditworthiness to 'A', noting the significant reduction in public debt. This upgrade is attributed to budget surpluses and positive economic prospects. The government expects further improvements in debt metrics in the coming years. Stable policies and improved financial management support this rating. However, challenges persist due to the small size of the economy and its vulnerability to external shocks.