A post by @FirstSquawk on X.
Cyprus Secures 'A' Rating as Fitch Upgrades Sovereign Credit Rating
@FirstSquawk on X
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Fitch upgraded Cyprus’s sovereign credit rating to ‘A’, marking a return to single-A territory for the Mediterranean economy. The agency cited improved fiscal metrics and banking-sector resilience as drivers of the upgrade. The move lowers the government’s borrowing costs and broadens its appeal to investment-grade bond investors. It also signals continued post-crisis normalization for a sovereign that once required an international bailout. Watch next for follow-through from other major agencies and for spreads on Cypriot government debt versus euro-area peers.
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Fitch Ratings, Cyprus