Kept in tier her Greek economy Scope Ratings ratings, rendering a BBB rating with fixed perspectives.
Scope Ratings kept the Greek economy supported by strong institutional support for the eurozone and the EU, remaining eligible for the ECB’s securities program, and is expected to receive a total of approximately 36 billion euros in grants and loans from 20% to 20%.
In the budgetary, Greece recorded a primary surplus of 4% of GDP and a total budget surplus of 1.3% in 2024. debt is expected to be reduced to 125% of GDP by 2030, with a large cash stock (€ 42 billion) that provides strong liquidity.
However, challenges remain:
- Very high public debt, despite the declining trend.
- Continuing weaknesses in the banking sector and state dependence.
- Structural problems that limit growth: low productivity, adverse demographic trends and low differentiation of the economy.
Scope points out that the steady perspective of evaluation reflects the risk balance:
- Positive factors that could lead to upgrade include: sustainable public debt reduction, improvement in growth perspective and further stabilization of the banking sector.
- Negative factors include: diversion of fiscal stabilization, increased banking risks and erosion of economic resilience.
In the external balance, the country remains exposed due to structural deficits of current transactions and tourism dependence. However, external debt is mainly governmental, with a favorable structure (euro and long -term).
SCOPE evaluates bank stability as relatively improved, with lower NPLs (6% in 2024), better capital adequacy indicators, but remains highly deferred tax data.
Finally, social and environmental risks remain significant, with population aging, limited renewable energy and moderate social performance, despite the strong institutional framework for governance.