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Greece receives dual credit rating upgrades from Scope and Moody’s
Greece has received dual credit rating upgrades from Scope Ratings and Moody’s, signaling increased international confidence in its economic stability.
Scope Ratings upgraded Greece's long-term issuer and senior unsecured debt ratings from BBB to BBB+, setting the outlook to stable. Moody’s affirmed Greece's Baa3 ratings while shifting its outlook from stable to positive.
These upgrades come amid discussions regarding strategic maritime and energy cooperation between Greece, Egypt, and Cyprus. Officials highlighted the importance of maritime security in the Eastern Mediterranean and the GREGY electrical interconnection project, which aims to transport renewable energy from Egypt to Europe.
Entities
Athens Stock Exchange · Euronext Athens · FTSE Russell · Greece · Kyriakos Mitsotakis · Kyriakos Pierrakakis · Moody's · Moody's Ratings · Moody’s · Nikos Papathanasis · S&P Dow Jones Indices · Scope Ratings
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The new index weightings will take effect on Monday, September 21.
- [● 4 SOURCES] The Greek market is transitioning from the Advanced Emerging category to the developed markets category. www.cash.ch
- [● 2 SOURCES] National Bank and Piraeus Bank are estimated to receive 1.1 billion euros in inflows due to their inclusion in the Eurostoxx 600 index. www.cash.ch
- [○ 1 SOURCE] Market professionals estimate daily turnover could reach between 5 and 6 billion euros.
- [● 3 SOURCES] FTSE Russell, STOXX, and S&P Dow Jones Indices are implementing index rebalancing.
- [○ 1 SOURCE] Euronext Athens delayed the market close by ten minutes to 17:30 to manage expected high trading volumes.
- [● 4 SOURCES] The rebalancing of FTSE Russell and STOXX indices will lead the Greek market to officially return to the category of developed markets. www.cash.ch
- [● 28 SOURCES] Scope Ratings upgraded Greece's creditworthiness to BBB+ from BBB with a stable outlook. www.worldenergynews.gr · www.sbctv.gr · patrapress.gr · thracenews.gr · www.paron.gr · +8 more
- [● 32 SOURCES] Moody's upgraded the outlook for Greece's economy from stable to positive, maintaining the Baa3 rating. www.worldenergynews.gr · tempo24.news · www.sbctv.gr · greekcitytimes.com · patrapress.gr · +10 more
- [● 8 SOURCES] Scope estimates public debt will decrease to approximately 136% of GDP in 2026. www.sbctv.gr · thracenews.gr · marketnews.gr · rpn.gr
- [DISPUTED] Kyriakos Pierrakakis stated that the upgrades recognize the increased resilience and credibility of the Greek economy. www.worldenergynews.gr · thracenews.gr · www.paron.gr · www.onvolos.gr
- [● 5 SOURCES] Scope predicts public debt will decrease to approximately 110% of GDP by 2031. marketnews.gr · thracenews.gr · rpn.gr