Moody's changes outlook to 'positive' on better fiscal and lower risks

Paphos Life · Post by **Paphos Life** » Sun Sep 22, 2019 5:39 pm

Rating agency Moody's changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations....

Read the article and chat about it below...

Aargent · Post by **Aargent** » Mon Sep 23, 2019 7:23 am

Happy in Cyprus wrote: ↑Mon Sep 23, 2019 1:49 am Yes, excellent news, I meant to post this story the other day.

Not only has Cyprus repaid the 4 billion Russian loan from 2013 (?) early, but it is also paying off it's other debts ahead of time. Well done Cyprus in general and the Finance Minister in particular. And yes, I know we're not completely out of the woods yet.

What I find weird is that when Cyprus was getting downgrade after downgrade at the time of the haircut, peeps used to relish posting the downgrade stories on CL and debate it endlessly. Now that Cyprus is on the up and up, it seems to create no interest at all.

Good News is No News - as they say.

Dominic · Post by **Dominic** » Mon Sep 23, 2019 7:26 am

It's why the papers are full of doom and gloom. People prefer reading about it. And then they like to moan that the papers are full of doom and gloom.

Like most things in life, we get what we deserve.

Dominic · Post by **Dominic** » Mon Sep 23, 2019 8:47 am

I love Gallows Humour.

Paphos Life

Moody's changes outlook to 'positive' on better fiscal and lower risks

Moody's changes outlook to 'positive' on better fiscal and lower risks

Re: Moody's changes outlook to 'positive' on better fiscal and lower risks

Re: Moody's changes outlook to 'positive' on better fiscal and lower risks

Re: Moody's changes outlook to 'positive' on better fiscal and lower risks