The fact that two ratings agencies either improved or kept the same rating for Cyprus was welcomed on Saturday with “particular satisfaction” by Finance Minister Makis Keravnos.
Both Moody’s and Fitch, he said, “seem to trust” the rational policies consistently implemented by the Cyprus government , which are driving the excellent performance of the economy.
Overnight on Friday, Fitch upgraded its outlook for the Cypriot economy to positive from stable,
