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Capital Intelligence affirms Cyprus` Sovereign Rating of ‘B-‘ and ‘B’
Last Update: September, 2016

Capital Intelligence (CI), the international credit rating agency,  affirmed on Friday Cyprus` Long-Term Foreign Currency Sovereign Rating of `B-`, and its Short-Term Foreign Currency Rating of `B`. The Outlook for the ratings is affirmed at `Stable`.

At the same time, the economy is tentatively expected by CI to return to positive growth by the end of 2015.

According to the announcement, the ratings of Cyprus reflect declining short-term financing risks, underpinned by the good progress made by the government in delivering on the economic programme agreed with and fully backed by Eurozone member states (through the European Stability Mechanism, ESM) and the International Monetary Fund (IMF).

(source: CNA)

Publish Date: 01 September, 2014
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