European rating agency. Objective, transparent, independent.
European rating agency. Objective, transparent, independent.

Republic of Cyprus

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
BBB- Outlook STA 21.04.2020 24.04.2020
BBB- Outlook POS 21.10.2019 25.10.2019
BB+ Outlook POS 24.10.2018 26.10.2018
BB Outlook POS 21.11.2017 24.11.2017
BB Outlook STA 22.11.2016 25.11.2016

News

  • 24.04.2020
    Creditreform Rating has revised its outlook on the Republic of Cyprus to stable from positive and affirmed the unsolicited long-term sovereign rating of “BBB-”. Creditreform Rating has also affirmed Cyprus' unsolicited ratings for foreign and local currency senior unsecured long-term debt of “BBB-”.
  • 25.10.2019
    Creditreform Rating has raised its unsolicited long-term sovereign rating on the Republic of Cyprus to “BBB-” from “BB+”. Creditreform Rating has also raised Cyprus´s unsolicited ratings for foreign and local currency senior unsecured long-term debt to “BBB-” from “BB+”. The outlook remains positive.
  • 26.10.2018
    Creditreform Rating has raised its unsolicited long-term sovereign rating on the Republic of Cyprus to “BB+” from “BB”. Creditreform Rating has also raised Cyprus´ unsolicited ratings for foreign and local currency senior unsecured long-term debt to “BB+” from “BB”. The outlook remains positive.
  • 24.11.2017
    Creditreform Rating has revised its outlook on the Republic of Cyprus to positive from stable and affirmed the unsolicited long-term sovereign rating of "BB". Creditreform Rating has also affirmed Cyprus´s unsolicited ratings for foreign and local currency senior unsecured long-term debt of "BB".