Fitch ratings upgrades Cyprus’s long-term credit ratings

Fitch ratings upgrades Cyprus

Fitch Ratings has upgraded Cyprus’ long term foreign-currency issuer default rating by one notch to “BBB” from “BBB-,” according to a statement published by Fitch on Saturday, Trend reports citing Xinhua. The statement said the upgrade reflects the country’s fiscal outperformance, improvement in government indebtedness, and macroeconomic resilience, among others. According to the Fitch analysis, … Read more