Fitch Upgrades the Credit Rating of the Republic of Cyprus
November 7, 2026
Fitch has upgraded the credit rating of the Republic of Cyprus from 'A-' to 'A', recognizing the positive trajectory of the economy. This decision is based on the stable fiscal path and a 77% reduction in public debt since 2020. Positive economic prospects include low unemployment rates and growth. The stability of the banking sector and easing inflationary pressures also contribute to this upgrade. Future public financial developments will be critical for the rating outlook.