The stability and consistency of Greece’s economic policy is yesterday’s (30.05.2025) retention Greek economy within tier From Scope Ratings.
Although this is not an upgrade, which was partly expected as in its previous assessment it had kept a stable Outlook for the Greek economy, the confirmation of the investment grade suggests that the country remains on a positive way.
It is recalled that in August 2023, Scope was the first rating house to upgrade Greece from BB+ to BBB-returning the country to the investment level for the first time in 13 years. This upgrade was based on reducing public debt, progress in reforms and improving the resilience of the banking system.
In December 2024, Scope further upgraded Greece to a BBB, with a steady perspective, reflecting the ongoing reduction in debt to GDP, boosting fiscal performance and progress in structural reforms.
Now, confirmation of the investment grade further reinforces the country’s credibility in international markets and helps maintain low borrowing costs. In addition, it emphasizes the importance of continuing reforms and fiscal discipline to maintain this positive course.
In comparison, Greece’s ratings from other firms are as follows:
- Moody’s: BAA3 with a steady perspective (upgrade in March 2025).
- Fitch: BBB- with a positive perspective (upgrade in May 2025).
- S&P: BBB with a steady perspective (upgrade in April 2025).
- DBRS: BBB with a steady perspective (upgrade in March 2025).
Maintaining the evaluation by Scope Ratings is in line with the positive evaluations of other companies, reinforcing Greece’s position in international markets, while paving the way for future positive moves.
The ongoing favorable response to debt markets and Greece’s reliable credit profile is expected to count positively in the remaining evaluation reports for 2025.
Specifically, Greece has to expect:
- September 5 DBRS
- September 19 Moody’s
- October 17 S&P
- November 7 Scope Ratings
- November 14 Fitch Ratings
However, there is no room for complacency. As Scope points out, despite positive developments, significant challenges remain:
- Public debt, although gradually decreasing, remains particularly high and is a long -term risk.
- The banking sector continues to have vulnerabilities and maintains a strong dependence on the state.
- The country’s growth potential is limited by structural obstacles, such as low productivity, adverse demographic developments and limited differentiation of the economy.