First ratings are expected following the early bailout exit. 

The first ratings are expected today from the Credit rating agencies of Standard and Poor’s and Moody’s, in view of Cyprus’ completion from the European economic adjustment programme, which expires on March 31, and following Government’s decision to exit early from the IMF loan programme, ending officially on 15 May.
Experts point out that the reforms and the reduction of non-performing loans (NPLs) are the most critical issues which will determine the successful restoration of Cyprus’ economy.
Meanwhile, Finance Minister Harris Georgiades said on Thursday that stress-tests for the banks in the Turkish occupied areas of Cyprus should be completed now, in the light of a possible reunification of Cyprus under a federal roof.
According to a press release issued by the Fitch Ratings, Cyprus`s decision to exit its three-year EU-IMF programme ahead of schedule without a precautionary post-programme credit line reflects the sovereign`s comfortable cash position and strong debt management, which limit refinancing risks.
Source: Sigma Life

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