Greece’s Long-Term Sovereign Credit Rating Reaffirmed by S&P

Greek system remains astatine ‘BBB’ with a unchangeable outlook, 1 notch supra concern grade, according to the latest study by S&P. Credit: Wikimedia Commons / Avij / Public Domain

S&P Global Ratings reaffirmed Greece’s semipermanent sovereign recognition standing connected Friday.

The country’s creditworthiness was graded by S&P astatine ‘BBB’ with a unchangeable outlook, 1 notch supra concern grade.

S&P noted that it conducted its semi-annual appraisal based connected the latest data, without publishing a caller report.

The bureau had upgraded Greece to concern people successful April 2025.

Fitch, DBRS and Scope complaint Greece astatine the aforesaid level arsenic S&P, whereas Moody’s rates it 1 notch lower, astatine Baa3, AMNA reports.

Moody’s caller upgrade of Greece’s recognition rating

In March, planetary ratings bureau Moody’s upgraded the Government of Greece’s semipermanent issuer standing from Ba1 to Baa3, shifting the country’s economical outlook from affirmative to stable.

The upgrade signaled increasing planetary assurance successful Greece’s economy, driven by faster-than-expected improvements successful nationalist finances, robust organization reforms, and a stabilizing governmental environment.

According to the agency, Greece’s sovereign recognition illustration present demonstrates heightened resilience to imaginable aboriginal economical shocks.

A superior operator down the upgrade was the important simplification successful Greece’s nationalist debt; the country’s debt-to-GDP ratio plummeted by astir 50 percent points since its 2020 peak. Moody’s estimates the ratio stood astatine 156.1 percent astatine the extremity of 2024 and projects a further diminution to 140.6 percent by precocious 2026.

The wellness of Greece’s banking sector besides factored heavy into the decision. While Greek banks are generating beardown integrated superior and improving profitability, Moody’s noted that the sheer measurement of NPLs present held by recognition servicers remains a flimsy resistance connected broader economical growth.