Cyprus to undergo three credit rating reviews in September by major agencies
Cyprus will face three crucial credit rating decisions in September from DBRS Morningstar, Standard & Poor’s, and Capital Intelligence Ratings, with Fitch and Moody’s scheduled to follow in November. The September reviews begin with DBRS on September 4, followed by S&P and Capital Intelligence on September 18. Currently, Cyprus holds investment-grade ratings from all major agencies, reflecting its sustained economic growth, strong public finances, and robust banking sector.
Finance Minister Makis Keravnos emphasized the country’s economic resilience despite external challenges, citing a 3.3% economic expansion in the first half of 2026, well above the EU average. Unemployment remains low at 4%, though inflation has risen to 3.1% in June, with government measures in place to mitigate the impact.
Cyprus reported a fiscal surplus of 1.1% of GDP in the first half of 2026 and expects a €900 million surplus by year-end. The government uses this surplus to support social policies and repay around €1 billion in debt annually. Analysts forecast a slight slowdown in GDP growth to 2.7% in 2026, with a recovery expected thereafter.
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