Fitch Report: Positive Outlook for the Cypriot Economy
November 22, 2025
Fitch announced that it has maintained the rating of the Republic of Cyprus at A-, but upgraded the economic outlook from stable to positive. This improvement is attributed to the significant reduction of public debt and ongoing budget surpluses. The growth of the Cypriot economy is projected to reach 3.4% by 2025. Meanwhile, Moody's retained Cyprus's rating at A3. The Minister of Finance emphasized the need for fiscal discipline for future upgrades.