DBRS Confirms Positive Outlook for Cypriot Economy

Canadian rating agency DBRS has affirmed the Republic of Cyprus' rating at 'A' with a stable outlook. According to their report, Cyprus' GDP grew by 3.8% in 2025, while public finances show structural surpluses, and public debt fell to 60.6% of GDP in September.

However, DBRS warns that the recent increase in hostilities in the Middle East has increased uncertainty regarding Cyprus' short-term economic prospects, particularly for the tourism industry. Additionally, potentially high global energy prices may weaken household purchasing power.

President Christodoulides stated that the rating is a vote of confidence in the country's economy. Finance Minister Makis Keraunos noted that international rating agencies' confidence in the Cypriot economy remains strong.