International rating agencies upgrade Greek economic outlook and credit rating

On September 19, 2026, international rating agencies Moody’s and Scope Ratings announced positive assessments of the Greek economy. Moody’s maintained Greece’s credit rating at Baa3 but upgraded the outlook from stable to positive, marking the third such outlook upgrade for the country within a month, following similar actions by R&I on August 17 and DBRS on September 4. Concurrently, Scope Ratings upgraded Greece’s credit rating from BBB to BBB+, assigning a stable outlook.

The agencies cited the country’s progress in reducing public debt, strong fiscal performance, and economic resilience as key drivers for their decisions. Scope Ratings projects that public debt will decline to approximately 136% of GDP in 2026, down from 146.1% in 2025. The reports also emphasized the effectiveness of strategic early debt repayments, increased investment, and ongoing administrative tax reforms.

Greek Prime Minister Kyriakos Mitsotakis welcomed the upgrades, describing them as validation of the government's economic policy. He noted that the country’s transition from having its bonds once labeled as "junk" to becoming a model of stability reflects the success of recent structural reforms and fiscal discipline. The government continues to prioritize these policies to ensure long-term stability amid global economic uncertainty.