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Moody's credit rating upgrade for Cyprus opens the door to investment, president says

  • Moody's upgraded Cyprus' credit rating to A3 from Baa2, opening opportunities for foreign investment, according to President Nikos Christodoulides.
  • The upgrade reflects efforts to establish Cyprus as a credible investment destination through fiscal discipline and banking stability.
  • Moody's projects debt will drop to 50% by 2027, with an average economic growth of 3.2% from 2024 to 2028.
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  • 61% of the sources are Center
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