Fitch keeps Cyprus' rating at BBB- with stable outlook

NICOSIA, Oct. 3 (Xinhua) -- Fitch Ratings has affirmed Cyprus' Long Term Foreign-Currency Issuer Default Rating (IDR) at BBB- with a stable outlook, a Fitch press release made available on Saturday said.

Cypriot Finance Minister Constantinos Petrides said Cyprus' affirmation was made possible despite strong economic challenges as a result of the coronavirus crisis impact, most notably on the all-important tourism and travel sectors, which provide 21 percent of the country's gross domestic product (GDP).