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Greece's Credit Rating Upgraded, Debt Decline Projected
15 Nov
Summary
- Fitch Ratings upgraded Greece's long-term sovereign rating
- Greece forecast to continue debt decline and have budget surplus
- Improvement places Greece two levels above junk territory
According to a statement released on November 15, 2025, Fitch Ratings has upgraded Greece's long-term sovereign rating to BBB from the previous BBB- level, with a stable outlook. This upgrade comes as the ratings agency forecasts Greece to continue its debt decline and maintain a budget surplus, despite plans for fiscal easing.
The improved credit rating places Greece two levels above the junk territory, except for Moody's Rating, which still ranks the country one notch lower. This development marks a significant milestone in Greece's ongoing economic recovery, as the country works to strengthen its financial position and regain investor confidence.
The upgrade by Fitch Ratings is a testament to Greece's progress in addressing its fiscal challenges and implementing policies that have contributed to a more stable economic outlook. As the country navigates the post-pandemic landscape, this rating improvement is expected to bolster Greece's access to international markets and potentially lower its borrowing costs.
