Fitch changes Cyprus’ outlook to stable due to economic impact from coronavirus
Fitch rating agency has changed the outlook for Cyprus to stable from positive, citing the impact of the coronavirus pandemic on the Cypriot economy and on Cyprus’s fiscal position.
In a rating action issued on Friday, Fitch affirmed Cyprus’ Long term rating at ‘BBB-‘.
“The outlook revision reflects the significant impact of the global COVID-19 pandemic on Cyprus` economy and on the sovereign`s fiscal position,” Fitch said.
(CNA)
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In a rating action issued on Friday, Fitch affirmed Cyprus’ Long term rating at ‘BBB-‘.
“The outlook revision reflects the significant impact of the global COVID-19 pandemic on Cyprus` economy and on the sovereign`s fiscal position,” Fitch said.
(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.
from Cyprus News Agency
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