Current Cyprus credit ratings, according to main rating agencies.
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| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | BBB | positive | 4 Sep 2023 | outlook upgrade |
| Moody's Investors Service | Baa2 | - | 2 Oct 2023 | rating upgrade |
| Fitch Ratings | BBB | - | 13 Mar 2023 | rating upgrade |
| DBRS | BBB (high) | - | 2 Oct 2023 | rating upgrade |
Cyprus: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
Cyprus Credit Ratings historical data
Timetable of Cyprus credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 2 Oct 2023 | Baa2 | BBB (high) | ||
| 4 Sep 2023 | BBB | |||
| 13 Mar 2023 | BBB | |||
| 5 Sep 2022 | BBB | |||
| 22 Aug 2022 | Ba1 | |||
| 12 Apr 2022 | BBB | |||
| 26 Oct 2021 | BBB (low) | |||
| 7 Sep 2021 | BBB- | |||
| 26 Jul 2021 | Ba1 | |||
| 18 May 2020 | BBB (low) | |||
| 4 Apr 2020 | BBB- | |||
| 18 Nov 2019 | BBB (low) | |||
| 12 Oct 2019 | BBB- | |||
| 21 Sep 2019 | Ba2 | |||
| 28 Nov 2018 | BBB (low) | |||
| 22 Oct 2018 | BBB- | |||
| 15 Sep 2018 | BBB- | |||
| 27 Jul 2018 | Ba2 | |||
| 25 May 2018 | BB | |||
| 20 Apr 2018 | BB+ | |||
| 1 Dec 2017 | BB (low) | |||
| 20 Oct 2017 | BB | |||
| 15 Sep 2017 | BB+ | |||
| 28 Jul 2017 | Ba3 | |||
| 2 Jun 2017 | BB (low) | |||
| 17 Mar 2017 | BB+ | |||
| 2 Dec 2016 | B | |||
| 11 Nov 2016 | B1 | |||
| 21 Oct 2016 | BB- | |||
| 16 Sep 2016 | BB | |||
| 4 Dec 2015 | B | |||
| 13 Nov 2015 | B1 | |||
| 23 Oct 2015 | B+ | |||
| 25 Sep 2015 | BB- | |||
| 27 Mar 2015 | B+ | |||
| 14 Nov 2014 | B3 | |||
| 24 Oct 2014 | B+ | B- | ||
| 27 Jun 2014 | B (low) | |||
| 25 Apr 2014 | B | B- | ||
| 21 Mar 2014 | Caa3 | |||
| 29 Nov 2013 | B- | |||
| 12 Jul 2013 | CCC | |||
| 3 Jul 2013 | CCC+ | |||
| 28 Jun 2013 | SD | |||
| 3 Jun 2013 | B- | |||
| 10 Apr 2013 | CCC | |||
| 21 Mar 2013 | CCC | |||
| 25 Jan 2013 | B | |||
| 10 Jan 2013 | Caa3 | |||
| 20 Dec 2012 | CCC+ | |||
| 21 Nov 2012 | BB- | |||
| 17 Oct 2012 | B | |||
| 8 Oct 2012 | B3 | |||
| 1 Aug 2012 | BB | |||
| 25 Jun 2012 | BB+ | |||
| 13 Jun 2012 | Ba3 | |||
| 13 Mar 2012 | Ba1 | |||
| 27 Jan 2012 | BBB- | |||
| 13 Jan 2012 | BB+ | |||
| 4 Nov 2011 | Baa3 | |||
| 27 Oct 2011 | BBB | |||
| 10 Aug 2011 | BBB | |||
| 29 Jul 2011 | BBB+ | |||
| 27 Jul 2011 | Baa1 | |||
| 31 May 2011 | A- | |||
| 16 May 2011 | A2 | |||
| 30 Mar 2011 | A- | |||
| 24 Feb 2011 | A2 | |||
| 17 Jan 2011 | AA- | |||
| 13 Jan 2011 | Aa3 | |||
| 16 Nov 2010 | A | |||
| 21 Jul 2010 | A+ | |||
| 24 Apr 2008 | A+ | |||
| 3 Jan 2008 | Aa3 | |||
| 12 Jul 2007 | AA- | |||
| 10 Jul 2007 | A1 | |||
| 17 May 2007 | A2 | |||
| 29 Mar 2007 | A | |||
| 4 Nov 2003 | A+ | |||
| 1 Feb 2002 | A+ | |||
| 12 Mar 2001 | A2 | |||
| 30 May 2000 | A2 | |||
| 3 Dec 1999 | A | |||
| 9 Nov 1998 | A+ | |||
| 28 Feb 1996 | A2 | |||
| 14 Feb 1994 | AA- |
