Moody’s Affirms Greece’s Baa3 Rating with Stable Outlook

ATHENS – Moody’s has upheld Greece’s Baa3 credit rating with a stable outlook in its latest semi-annual report released on September 19, 2025. The agency had previously elevated Greece to investment grade status in March 2025.

The Baa3 rating is supported by Greece’s consistent reform efforts, which have driven improvements in institutional governance, boosted investment, and strengthened the banking sector. While Greece’s debt-to-GDP ratio remains elevated, Moody’s noted that its favorable debt structure and substantial liquidity buffer mitigate this concern.

Moody’s also highlighted Greece’s effective utilization of EU funds, which, alongside private investments, is expected to fuel economic growth in the coming years. Ongoing reforms are projected to enhance Greece’s growth potential, counteracting challenges posed by adverse demographic trends.