All reports tagged with: "Standard & Poor’s"
Ratings agency Standard & Poor’s has raised its foreign and local currency long-term sovereign credit ratings on the Republic of Cyprus to ‘BB+’ from ‘BB’ and has affirmed its ‘B’ foreign and local currency short-term sovereign credit ratings.
Standard and Poor’s (S&P’s) has revised the Cyprus economy’s outlook to positive from stable, citing better than anticipated reduction in the country’s public debt and the less adverse economic growth.
Ratings agency Standard & Poor’s has raised Cyprus long-term ratings to ‘B+’ and affirmed the short-term foreign and local currency ratings at ‘B’ on strong budgetary performance; the outlook is stable.
Standard & Poors lifted its rating on Cyprus to B, while Fitch revised its outlook on the country to ‘stable’ saying that the economy “has proved more resilient than previously expected”.