In the 'A' grade with open fronts: The challenge of maintaining fiscal surpluses in the coming years

Cyprus has formally reached the 'A' credit rating category after S&P Global Ratings upgraded the country from 'A-/A-2' to 'A/A-1'. This decision reflects the significant economic recovery achieved over the past decade since the 2013 banking crisis. Despite this milestone, the report emphasizes that maintaining fiscal surpluses in the coming years remains a key challenge for the government to ensure long-term stability and sustainable growth.