Standard & Poor's upgraded Cyprus' sovereign rating back to investment grade on Friday after rating it junk for more than six years.Assigning it a BBB- rating, S&P also placed the outlook on stable as risks from high private and public debt offset "strong growth prospects", it said....
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S&P upgrades Cyprus to BBB-, back to investment grade
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Paphos Life
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Re: S&P upgrades Cyprus to BBB-, back to investment grade
I guess the cash for passports scheme has had a beneficial effect in contributing to the countries financial state! There has been substantial foreign investment of all sorts by China and Russia.
Dee
Dee
Re: S&P upgrades Cyprus to BBB-, back to investment grade
Would it kill you to be positive once? 
Web Designer / Developer. Currently working on Paphos Life.
Living in Polemi, Cyprus with my wife and daughter.
Living in Polemi, Cyprus with my wife and daughter.
Re: S&P upgrades Cyprus to BBB-, back to investment grade
This should spur investment and great news for the Republic
Re: S&P upgrades Cyprus to BBB-, back to investment grade
Great news for Cyprus which has met the requirements imposed by IMF and other financial organisations following the 'haircut' in 2012 and is now showing a positive economic return. Well done!
