Upgrade of Cyprus's Credit Rating and Plans for Borrowing
January 11, 2026
The Republic of Cyprus has achieved an 'A' rating from credit rating agencies, which will help it borrow at favorable costs. In 2024, agencies like Moody's, Fitch, and S&P upgraded Cyprus's creditworthiness. Factors such as economic growth and debt reduction could lead to further upgrades. Cyprus plans to enter the markets to borrow €1 billion in 2026 through European Medium-Term Notes. Government policy will focus on both external and internal funding.