Moody’s: Cyprus high wealth, strong growth “remain robust”

Moody’s Ratings said it expects the high wealth levels and strong growth performance of Cyprus, as reflected in the country’s previous A3 issuer ratings, “will remain robust over the medium term”.

In its periodic review of its issuer ratings, Moody’s clarified that, “this … does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.”...