Moody’s Upgrade: A New Era for Cyprus? Moody’s recent upgrade of Cyprus’ credit rating from Baa2 to A3 is rather splendid news. It marks a significant step forward for the island nation. It indeed heralds fresh opportunities for foreign investment. Consequently, this development is expected to create jobs, much to the delight of many. TheCyprus’ Path to Investment Enhanced by Moody’s Improved Rating, President Announces