Ratings in team assessing Cyprus

A DELEGATION from Standard & Poor’s arrived on the island yesterday, where they will hold meetings with the Central Bank and Finance Ministry in order to assess the strength of the island’s economy.

Ana Mates and Trevor Cullinan discussed domestic economy, fiscal policy and prospects, financing of public debt and government guarantees, before meeting with Finance Minister Charilaos Stavrakis and Central Bank Governor Athanasios Orphanides today.

Tomorrow, the duo is set to switch its attention to inflation and credit growth and balance of payments developments.

Standard & Poor’s publishes financial research and analysis on stocks and bonds. It is one of the top three companies in this business, along with Moody’s and Fitch Ratings.

Its products and services include credit ratings, equity research, S&P indices, funds ratings, risk solutions, governance services, evaluations, and data services.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.