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LONDON, July 29 (WebNoviny.sk) – The international rating agency Moody's improved its long-term rating of Cyprus to Ba2, given the recovery of the banking sector in the country, economic growth and the budget surplus. (19659003) Silver "am-card-image =" top "data-lazy-srcset =" https://cdn.webnoviny.sk/sites/32/2018/04/euro-81×54.jpg 81w, https: // cdn.webnoviny.sk/sites/32/2018/04/euro-312×208.jpg 312w, https://cdn.webnoviny.sk/sites/32/2018/04/euro-672×448.jpg 672w, https: // cdn.webnoviny.sk/sites/32/2018/04/euro-120×80.jpg 120w "sizes =" (max-width: 81px) 100vw, 81px "data-dominant-color =" # c2922f "/>
Moody's sa stated that the recovery of the troubled financial institution of Cooperative Bank by the Hellenic Bank was supported by the recovery of the country's banking sector
The rating agency also said that strong economic growth and a high budget surplus have helped the country to solve its high public debt, reaching 107% of gross domestic product this year, and will start to fall this year