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S&P Global Ratings has upgraded Cyprus’ long-term and short-term sovereign credit ratings from A-/A-2 to A/A-1, while maintaining a positive outlook for the long-term rating. The decision, announced on 18 September 2026, places Cyprus in the A rating category for the first time since 2010. The upgrade applies to Cyprus’ long-term and short-term credit ratings in both local and foreign currency. The positive outlook means that the long-term rating remains subject to the possib