Reported about 10 hours ago
Moody's has upgraded Cyprus' credit rating from Baa2 to A3, signaling potential foreign investment and job creation, according to President Nikos Christodoulides. The rating reflects the government's efforts in maintaining fiscal discipline and banking stability. This marks the first elevation since 2011, with expectations of continued economic growth and reduced public debt, although risks remain due to potential cancellation of large projects and increased public sector wages.
Source: YAHOO