Cyprus Credit Rating Upgraded by S&P
September 19, 2026
S&P Global Ratings has upgraded Cyprus' credit rating from 'A-' to 'A' with a positive outlook, the first time since 2010. This upgrade reflects confidence in the Cypriot economy despite international geopolitical uncertainties. Economic growth is expected to continue at a rate of 2.7% in the coming years, and public debt is forecasted to decrease significantly. The labor market remains strong, and fiscal conditions are improving. This upgrade sends a positive signal to international markets.