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24 September, 2026
 

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Higher sovereign and bank ratings could lower borrowing costs and attract more investment to Cyprus. Photo credit: cypruseconomicsociety.org
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Higher sovereign and bank ratings could lower borrowing costs and attract more investment to Cyprus. Photo credit: cypruseconomicsociety.org

S&P upgrades Cyprus to A, opening the door for banks to follow

Panayiotis Rougalas Standard & Poor’s (S&P) upgrade of Cyprus is a major recognition for the country, although it did not come as a surprise, given the strong performance of the Cypriot economy. The upgrade also opens the door to further rating improvements in the private sector.
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