Fitch raises Cyprus' credit rating by a notch to BBB+

NICOSIA, Cyprus: Fitch Ratings has upgraded Cyprus' credit rating by one notch to BBB+, citing the country's robust economic resilience, fiscal discipline, and improved banking sector.

This positive outlook reflects Cyprus' heightened ability to withstand financial shocks and its government's commitment to maintaining fiscal order.

Fitch highlighted the country's progress in reducing household and corpor