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President Welcomes DBRS Rating Confirmation as Vote of Confidence

Published March 14, 2026, 09:12
President Welcomes DBRS Rating Confirmation as Vote of Confidence

The President of the Republic of Cyprus, Nikos Christodoulides, welcomed the confirmation of Cyprus's A rating with a stable outlook by DBRS Morningstar, describing it as a strong vote of confidence in the country's economy. He emphasized the importance of the rating in a period of geopolitical challenges. DBRS confirmed Cyprus's strong growth potential, but expressed concerns about tourism and energy prices due to tensions in the Middle East. However, it assessed that Cyprus has the fiscal reserves to cope with potential negative impacts.