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 06.02.2023 10.02.2023
BBB- Outlook STA 07.03.2022 11.03.2022
BBB- Outlook STA 08.03.2021 12.03.2021
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

  • 10.02.2023
    Creditreform Rating has raised its unsolicited long-term sovereign rating on the Republic of Cyprus to "BBB" from "BBB-". Creditreform Rating has also raised Cyprus' unsolicited ratings for foreign and local currency senior unsecured long-term debt to "BBB" from "BBB-". The outlook is stable.
  • 11.03.2022
    Creditreform Rating has affirmed the unsolicited long-term sovereign rating of "BBB-" for the Republic of Cyprus. Creditreform Rating has also affirmed Cyprus' unsolicited ratings for foreign and local currency senior unsecured long-term debt of "BBB-". The outlook is stable.
  • 12.03.2021
    Creditreform Rating has affirmed the unsolicited long-term sovereign rating of “BBB-” for the Republic of Cyprus. Creditreform Rating has also affirmed Cyprus´ unsolicited ratings for foreign and local currency senior unsecured long-term debt of “BBB-”. The outlook is stable.
  • 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".