Fitch raises Cyprus’ credit rating by a notch to BBB+ thanks to resilient economy, fiscal discipline

NICOSIA, Cyprus (AP) — The Fitch agency said Saturday it has raised Cyprus’ credit rating by a notch to BBB+. It cited the country’s heightened ability to withstand financial shocks, the government’s commitment to keeping its finances in order and a strengthened banking sector thanks in part to the lowest bad loan ratio since the […] Read The Rest at :