Fitch Archives - Page 2 of 2 - Financial Mirror

Fitch cites public debt, weak banking sector

Fitch rating agency affirmed Cyprus’ long-term sovereign rating at “BBB-” with a stable outlook, citing high sovereign debt and a weak banking sector as the main challenges facing the economy. It said

29th March 2021

Business

FITCH: Despite deficit Cyprus can outperform EU peers

Cyprus may target a wider deficit in 2021 than previously expected, but fiscal performance should still be strong relative to regional peers, Fitch Ratings said. Commenting on the delay in the approval

4th February 2021

Cyprus

Fitch affirms Cyprus stable outlook on growth potential

Fitch Ratings affirming Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at `BBB-` with a Stable Outlook has been welcomed as a vote of confidence by the government. Fitch said Cyprus’ rating balances

5th October 2020

Business

COVID19: Fitch changes Cyprus outlook over virus impact

Fitch rating agency has changed the outlook for Cyprus from positive to stable, citing the impact of the coronavirus pandemic on its economy and Nicosia’s fiscal position. In a rating action issued

4th April 2020

Business