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Standard&Poor’s revises Cyprus outlook to positive


International agency Standard & Poor's (S&P's) revised the rating of the Cypriot economy from stable to positive. This is due to the reduction of the public debt of the country. S&P's upgraded the rating of foreign and local currency from "B" to "B +".

Specialists said that the economic and fiscal efficiency of the country were more positive than expected in the last half of the year. In S&P's Noted that a positive trend was supported by the Cypriot government's attention to the budget, the financial sector and certainly structural reforms.

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