Fitch's rating action highlights Cyprus' responsible fiscal management, FinMin says
The announcement of Fitch rating agency on Cyprus long term rating highlights the government’s responsible management both of the economy and the public finances under the present adverse conditions due to the coronavirus pandemic, Ministry of Finance said on Saturday.
Fitch yesterday maintained Cyprus long-term credit rating to BBB- changing the outlook to stable from positive.
“Fitch rating agency’s announcement maintaining the Republic of Cyprus credit rating under these adverse conditions, even with stable outlook, shows that the government’s responsible management of the economy and of the public finances remains the key to safeguarding macroeconomic stability,” the Ministry said in a press release.
(CNA)
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Fitch yesterday maintained Cyprus long-term credit rating to BBB- changing the outlook to stable from positive.
“Fitch rating agency’s announcement maintaining the Republic of Cyprus credit rating under these adverse conditions, even with stable outlook, shows that the government’s responsible management of the economy and of the public finances remains the key to safeguarding macroeconomic stability,” the Ministry said in a press release.
(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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