On Friday, Standard and Poor’s have revised the outlook for Cyprus from “stable” to “positive”, due to the expected reduction of
public debt, while it maintained the long-term and short-term valuation of the country to Β + / Β. As per the rating agency, despite the fact that financial prospects remain uncertain, the financial recovery of Cyprus has developed faster than the rating agency had foreseen, with a substantial reduction of the ratio of public debt to GDP as compared to 2014.
