Fitch upgrade result of planning and policies

The government has expressed satisfaction with the recent tweaking of the island’s creditworthiness outlook from ‘stable’ to ‘positive’ by Fitch, dubbing it as a validation of the ongoing trajectory of progress and

Fitch affirms Cyprus credit rating, stable outlook

International rating agency, Fitch, affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ assigning a Stable Outlook, assuming that fiscal surpluses continue despite an economic slowdown. Furthermore, the agency revised upward


Nicosia heralds Fitch upgrade

The upgrading of Cyprus’ long-term credit rating by one notch with a stable outlook citing outperformance of fiscal balance and growth rate, is an important development, said President Nikos Christodoulides. He credited


FITCH: Cyprus banks credit profile improving

The credit profiles of Cyprus’ two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings said. The agency expects the Bank of Cyprus (B-/Positive)