Greece receives credit rating upgrades and positive outlooks

On September 19, 2026, international rating agencies Moody’s and Scope Ratings issued favorable assessments regarding the Greek economy. Moody’s maintained Greece’s sovereign credit rating at Baa3 while upgrading the outlook from stable to positive. Simultaneously, the German agency Scope Ratings upgraded Greece’s credit rating from BBB to BBB+, maintaining a stable outlook.

These decisions are attributed to Greece’s progress in fiscal reforms, a consistent reduction in public debt, and increased economic resilience. Moody’s noted that the country’s ability to manage debt and implement institutional changes has exceeded expectations. Following these sovereign rating adjustments, Moody’s subsequently upgraded the outlook on long-term deposits for major Greek financial institutions, including Eurobank and the National Bank of Greece, to positive. The Greek government has hailed these developments as validation of its ongoing economic policies.

Scope Ratings projects that Greece’s public debt will decrease to approximately 136% of GDP in 2026, down from 146.1% in 2025. The positive momentum reflects sustained confidence from international markets in the country's fiscal stability and its ability to withstand cyclical economic fluctuations.