Cyprus News Agency

Trending-news
     CNA   FM to brief EU counterparts on Turkish provocations in EEZ     CNA   US State Department expresses concern over Turkish drillings     CNA   FM says Turkey’s strategy to exert control in Eastern Mediterranean puts in high risk the region`s peace and security     CNA   Cyprus President pleased with strong solidarity from MED7 partners     CNA   CMP to decide its next step following announcement on access to 30 suspected burial sites in military areas     CNA   Cyprus MPs to attend General Assembly of the Interparliamentary Assembly on Orthodoxy in Tbilisi     CNA   Employment rose by 3.1% in Q1     CNA   

DBRS confirms Cyprus’s rating at BBB with a stable trend
CNA - Cyprus/ΝICOSIA 18/05/2019 11:16


Canadian rating agency DBRS confirmed Cyprus’s Long-Term Foreign and Local Currency at BBB (low) with a stable trend.
 
“The confirmation of the stable trend reflects DBRS’s view that while the Cypriot economy continues to perform robustly, more progress is needed to reduce risks to financial stability further”, said DBRS on Friday, adding that “risks to financial stability have declined but remain relatively high”.
 
DBRS said that the BBB (low) ratings “are supported by Cyprus’s solid budget position, its prudent public debt management framework, its Eurozone membership fostering sustainable macroeconomic policies, and its openness to investment encouraging a favourable business environment”.

(CNA)

*The full text of the news item is available in the paid version of the CNA web service. Subscription Form

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
   

Closing:14/06/2019
Volume:178.480.00
CSE:69.060  -0.060%
FTSE/CySE:41.440  -0.070%
Nicosia34°C
Larnaca30°C