Greece Maintains Investment Grade Rating

Credit rating agency Standard & Poor’s (S&P) has reaffirmed Greece’s investment-grade rating of “BBB-” with a positive outlook. This confirmation marks a significant milestone for the country, which regained investment-grade status in October 2023 after years of economic turmoil.

S&P was the first of the three major U.S. credit rating agencies to upgrade Greece to investment grade. Fitch followed suit in December, and Moody’s is expected to make its final assessment in November.

The positive outlook from S&P indicates that the agency believes Greece is likely to maintain its current investment-grade rating or be upgraded further in the future. This is a testament to the country’s economic progress and fiscal discipline.

While Moody’s has not yet reached investment grade for Greece, its recent upgrade to a positive outlook suggests that it is on the right track.

The German credit rating agency Scope Ratings has also placed Greece in the investment grade category, further solidifying the country’s position in the global financial markets.