DBRS upgrades Greek debt outlook to positive while maintaining BBB rating

DBRS Greece economy credit rating public debt Cyprus economy

Morningstar DBRS has upgraded the outlook for Greek debt from stable to positive while maintaining its BBB rating. This decision is driven by expectations that Greece's debt-to-GDP ratio will continue to decline significantly, with the European Commission projecting a drop from 143.5% in March 2026 to 134.4% by the end of 2027. The Greek economy is expected to maintain relatively strong growth, with real GDP projected to increase by 1.8% in 2026 and 1.6% in 2027.

Fiscal performance is expected to remain robust, with primary surpluses projected at 4.0% of GDP in 2026 and 3.7% in 2027. DBRS noted that the Greek economy has effectively withstood energy price shocks and has benefited from structural reforms that have expanded the tax base. Additionally, Greece is noted as the only Eurozone country where interest expenditures are projected to be lower in 2030 than in 2025.

Separately, Morningstar DBRS also upgraded the long-term outlook for Cyprus from stable to positive, maintaining its 'A' rating. The upgrade reflects Cyprus's strong fiscal position, high growth rates, and the projected reduction of its public debt to below 40% of GDP by 2029.

Entities

Cyprus · DBRS · European Central Bank · European Commission · Eurozone · Greece · Morningstar DBRS · Nikos Christodoulides

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] The government primary surplus is projected to be 4.0% of GDP in 2026 and 3.7% in 2027. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.zougla.gr
[● 13 SOURCES] Real GDP is expected to grow by 1.8% in 2026 and 1.6% in 2027. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.newsbeast.gr · www.zougla.gr · +8 more
[● 5 SOURCES] DBRS upgraded the outlook for Greek debt from stable to positive. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.newsbeast.gr · www.zougla.gr
[○ 1 SOURCE] Greece is the only country in the Eurozone where interest expenses are projected to be lower in 2030 than in 2025. www.newsbeast.gr
[● 6 SOURCES] Political risk in Greece is considered limited due to consensus among major political parties. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.zougla.gr · pireas365.gr · +1 more
[● 13 SOURCES] The Greek economy has effectively withstood the energy price shock. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.newsbeast.gr · www.zougla.gr · +8 more
[● 5 SOURCES] The credit rating for Greece remains at BBB. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.newsbeast.gr · www.zougla.gr
[● 13 SOURCES] Gross public debt is projected to decrease from 143.5% of GDP in March 2026 to 134.4% by the end of 2027. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.newsbeast.gr · www.zougla.gr · +8 more
[● 5 SOURCES] The Greek economy has successfully withstood the energy price shock. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.newsbeast.gr · www.zougla.gr
[● 13 SOURCES] The government's primary surplus is projected to be 4.0% of GDP in 2026 and 3.7% in 2027. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.zougla.gr · pireas365.gr · +8 more
[○ 1 SOURCE] Greece is the only country among nine Eurozone nations where interest expenditures are projected to be 0.2 percentage points lower in 2030 compared to 2025. www.newsbeast.gr
[● 4 SOURCES] Political risk is considered limited due to broad consensus among major political parties on key issues. www.businessdaily.gr · www.iefimerida.gr · www.lifo.gr · www.zougla.gr