Standard & Poor’s affirms Cyprus’ growth prospects, points out coronavirus risks 

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Standard & Poor’s affirms Cyprus’ growth...
 © In-Cyprus 2020
Standard & Poor’s Global Ratings has affirmed its `BBB-/A-3` long- and short-term foreign and local currency sovereign credit rating on Cyprus with a stable outlook.

The stable outlook incorporates Cyprus` robust growth prospects, improving public debt dynamics, and track record of running budgetary surpluses, according to the report released later on Friday.

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...


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Standard & Poor’s affirms Cyprus’ growth prospects, points out coronavirus risks 


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