Moody's credit rating upgrade of Cyprus to A3 from Baa2 opens the door to quality foreign investment and new jobs, according to President Nikos Christodoulides. The upgrade reflects the government's efforts to establish Cyprus as a credible investment destination through fiscal policy, banking sector stability, and financial reform. Moody's cited Cyprus' prudent fiscal policy, spending cuts, and strong revenue growth as reasons for the upgrade. The agency expects smaller fiscal surpluses, a decrease in public debt, and continued economic growth in sectors such as information technology and finance.