Standard & Poor’s affirms Cyprus’ growth prospects, highlights risks from virus

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Standard & Poor’s affirms Cyprus’ growth...
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Standard & Poor’s Global Ratings affirmed on Friday its `BBB-/A-3′ long- and short-term foreign and local currency sovereign credit rating on Cyprus with a stable outlook.

According to the report, the stable outlook incorporates Cyprus` robust growth prospects, improving public debt dynamics, and track record of running budgetary surpluses. It also takes into account Cyprus` high stocks of public and private debt and the inherent vulnerability of a small open economy, with an important tourism sector, to rising external shocks, including from the...


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Standard & Poor’s affirms Cyprus’ growth prospects, highlights risks from virus


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