By Greek City Times Staff
Fitch Ratings has upgraded Greece’s credit rating to “BBB” from “BBB-”, placing the country one step higher within the investment-grade category. The upgrade recognises Greece’s strong fiscal discipline, significant progress in reducing public debt, and the continued stability of the country’s economic outlook.
Fitch highlights Greece’s exceptional fiscal performance, resilient growth, and major improvements in the banking sector as key factors behind the decision. The country has achieved the largest reduction in public debt among investment-grade nations, with debt falling to 145% of GDP in 2025 and expected to drop to 120% by 2030.
Minister of National Economy and Finance Kyriakos Pierrakakis welcomed the decision, stating that the upgrade confirms Greece’s rising credibility and strengthens confidence in the country’s investment prospects.
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