Fitch Ratings has affirmed Cyprus’ long‑term credit rating at A‑ and maintained a positive outlook, the government has said.
Officials called the decision a strong signal of confidence, noting it comes amid a difficult and volatile global environment. The agency said Cyprus’ economic prospects remain positive despite shifting international conditions.
Fitch said the war in the Middle East is not expected to significantly derail Cyprus’ medium‑term economic trajectory, citing improved public finances and solid economic fundamentals. The agency expects growth to slow but remain above 2%.
It also highlighted the sharp reduction in public debt and continued stability in the banking sector.
At the same time, Fitch warned of rising inflationary pressures, potential wage increases and a worsening current‑account balance linked to the conflict in the Persian Gulf.
President Nikos Christodoulides said the rating is “another strong vote of confidence” in Cyprus’ economic direction, adding that its significance is greater given the unstable geopolitical climate. He said the country’s credibility acts as a shield for the economy and supports businesses and social policy.
Finance Minister Makis Keravnos welcomed the affirmation, saying it shows Cyprus’ resilience at a time of global instability. He said the government will continue its economic policy, supporting households and businesses while maintaining an investment‑friendly environment.