Fitch revises Cyprus outlook to stable

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Fitch revises Cyprus outlook to stable
 © Parikiaki 2020
Fitch Ratings announced on Friday that it has affirmed Cyprus’ credit rating at “BBB” but has revised its outlook to stable.

Fitch said that the revision of Cyprus’ outlook reflects the impact of the global Covid-19 pandemic on the country’s economy and on its sovereign fiscal position.

It added that recession and the economic policy response to Covid-19 will result in a significant deterioration of Cyprus’ budget balance this year, adding that baseline forecasts are tilting firmly to the downside, as the agency assumes that the pandemic will not...


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This article was automatically added to our system 4-4-2020

Fitch revises Cyprus outlook to stable


The contents of this article including any associated images are © Parikiaki 2020
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