Standard & Poor’s credit rating for Cyprus stands at BBB- with stable outlook. Moody’s credit rating for Cyprus was last set at Ba2 with stable outlook. Fitch’s credit rating for Cyprus was last reported at BBB- with stable outlook. DBRS’s credit rating for Cyprus is BBB (low) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Cyprus thus having a big impact on the country’s borrowing costs. This page includes the government debt credit rating for Cyprus as reported by major credit rating agencies.