Minister of Finance: Latest S and P rating on Cyprus a positive sign for international investors

Minister of Finance Harris Georgiades said Saturday that the latest rating by Standard and Poor`s on Cyprus economy, is a positive sign for the international investment community that supports the effort of Cyprus to strengthen confidence and growth prospects.

As he pointed out in a written statement, the revise of the outlook on Cyprus long-term credit rating to positive from stable by S and P, is the last step before Cyprus` return to investment grade.

“This is a positive sign for the international investment community that supports the effort to strengthen confidence and growth prospects, provided we continue our effort, with responsibility and credibility, away from the practices that have led us to downgrades and derailment, ” noted the Minister.

Source: Cyprus News Agency

Leave a Reply