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Cyprus To Recover in Second Half Of 2021, Say CI Ratings
March 22, 2021
According to a press release by Capital Intelligence Ratings (CI Ratings), the economy of Cyprus is expected to recover in the second half of 2021 and that the economic and fiscal disruption caused by the pandemic will dissipate over the forecast horizon.
CI Ratings has affirmed Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at ‘BB+’ and ‘B’, respectively. At the same time, the Outlook for the ratings was affirmed as Stable.