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Cyprus back on track. S&P raises Cyprus credit rating to BBB.

Tax Law

Cyprus back on track. S&P raises Cyprus credit rating to BBB.

On Friday 14/09/2018 Standard & Poor’s Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Cyprus to ‘BBB-/A-3’ from ‘BB+/B’ with a stable outlook. This is certainly an important development and a vote of confidence to the Cyprus economy. S&P explained in an announcement the rationale behind its decision:… Read More

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