The Cypriot economy has recorded a major achievement, as its credit rating is now upgraded to "A" by all the leading rating agencies, Moody's, Fitch, and Standard & Poor's, and consolidates its position among the most reliable economies of the European Union, President of the Republic Nikos Christodoulides said in a written statement on Saturday, on the upgrade of Cyprus' long-term credit rating to "A-" by S&P Global Ratings.