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Fitch Ratings has upgraded the Republic of Cyprus’s long-term issuer default ratings from ‘A-’ to ‘A’, while revising the outlook from positive to stable. The decision, announced on 6 November 2026, reflects the country’s sustained fiscal performance, rapid reduction in public debt and resilient economic growth, supported by an increasingly diversified economy. The upgrade places Cyprus in the ‘A’ rating category and represents another improvement in the country’s credit stan