Moody’s changes Cyprus’ outlook to positive on better fiscal performance & reduction of bank-related risks

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Moody’s changes Cyprus’ outlook to positive on...
 © In-Cyprus 2019
Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations.

However, Moody’s affirmed Cyprus’ long-term rating to Ba2, two notches below investment-grade, and remains the only rating agency to maintain Cyprus` rating to junk.

“The primary driver of the positive outlook is that Cyprus`s bank-related exposure to event risk continues to decline,” Moody’s said, noting that policy action...


This article was automatically added to our system 21-9-2019

Moody’s changes Cyprus’ outlook to positive on better fiscal performance & reduction of bank-related risks


The contents of this article including any associated images are © In-Cyprus 2019
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Article Tags: moody, changes, cyprus, outlook, positive, better, fiscal, performance, reduction, related, risks,