Loading...
topic
ГЛАВНАЯ  /  NEWS  /  MOODY’S AFFIRMS CORPORATE CYPRUS’ SOVEREIGN RATING AT B1

News

Search News
Moody’s affirms corporate Cyprus’ sovereign rating at B1

Moody’s affirms corporate Cyprus’ sovereign rating at B1

Moody’s has affirmed Cyprus’ sovereign rating at B1, but changed the outlook to positive from stable. Key drivers for outlook’s change are: (i) improvements in economic resilience that have been observed over the past year; and (ii) Cyprus' consistent fiscal outperformance and favourable outlook which indicate a more rapid reversal in the public debt ratio than previously expected.

In particular, Moody’s noted that Cyprus’ strong and balanced economic recovery was supported by exports, domestic demand, and improving expectations of medium-term growth. Growth accelerated in 1H16, reaching 2.7% y-o-y, driven by an uptick in domestic demand and strong activity in the tourist and business service sectors.

Related News

We are delighted to announce that, for another consecutive year, A.G. Erotocritou LLC has retained its top tier rankings for selected practice areas from Legal500 – one of the world's largest legal ...
We are delighted to announce that Andreas Erotocritou has been selected and appointed as the Levant Representative of the newly relaunched Asset Recovery Committee of the International Bar Association ...
We are looking to recruit an enthusiastic, motivated and responsible trainee.