Announcements
Drinks
25/10/2024 Rating announcement EN
Scope upgrades the Republic of Cyprus’ long-term credit ratings to A-; Outlook Stable
Strong fiscal outlook, robust economic growth, and reduction in financial system risks drive the upgrade. The small, open economy, and large external imbalances anchor the ratings.
17/11/2023 Rating announcement EN
Scope upgrades the Republic of Cyprus's credit ratings to BBB+; Outlook Stable
Solid economic fundamentals, a very favourable fiscal outlook and debt trajectory, and reduction in banking sector vulnerabilities drive the upgrade. A small, open economy, large non-performing exposures and high indebtedness are challenges.
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