S&P Global Ratings raised on 13 December its long-term sovereign credit ratings on Cyprus to A- from BBB+ and affirmed its short-term rating of A-2, adding that the outlook is stable.
According to the agency, the stable outlook reflects the balanced risks to Cyprus’ creditworthiness over the next 24 months. As noted, on the one hand, geopolitical tensions in the country’s periphery could weigh on growth and stability; on the