Cyprus' Credit Rating Upgraded by Moody's, President Says It Will Spur Investment and Jobs
- Cyprus' credit rating upgraded 2 notches to investment grade Baa2 by Moody's
- President hails upgrade, says it will attract investment and create jobs
- Moody's cites years of fiscal reforms, drop in bad loans, economic growth
- Warns excessive spending and debt could put downward pressure on rating
- 2013 crisis forced Cyprus bailout and bank closures, seized deposits