Ratings agency Moody’s on Saturday restored Cyprus’ credit rating to its ‘A’ , specifically giving the island a score of ‘A3’, restoring the island to the ‘A’ grade for the first time since 2011.
The agency explained that Cyprus has “significantly reduced its public debt ratio since its peak in 2020 and ranks among the countries with the largest debt ratio reductions worldwide”.
To this end, it said, the upgrade