ATHENS, April 18, 2025 – S&P Global Ratings announced on Friday that it has raised Greece’s long- and short-term local and foreign currency sovereign credit ratings to ‘BBB’ from ‘BBB-‘, citing the country’s “unwavering fiscal discipline.” The outlook for the ratings is stable, reflecting confidence in Greece’s ongoing economic management.
The upgrade moves Greece further into investment-grade territory, a significant milestone for a country that faced a severe debt crisis over a decade ago. S&P highlighted Greece’s consistent fiscal policies and commitment to reducing its public debt as key factors behind the decision. The agency noted that Greece has made substantial progress in maintaining primary budget surpluses and implementing reforms to strengthen its economy.
“The Greek authorities have demonstrated an ability to adhere to fiscal discipline,” S&P stated in its report, pointing to improvements in the country’s fiscal position and debt sustainability. The stable outlook indicates S&P’s expectation that Greece will continue its current fiscal and economic policies over the coming years, despite potential risks from global economic uncertainties.
The ratings upgrade is likely to lower borrowing costs for Greece and enhance investor confidence in Greek bonds. This marks another step in Greece’s economic recovery, following similar upgrades by other major rating agencies in recent years.
Source: S&P Global Ratings