Greece economy sees positive outlook upgrade from DBRS

The Greek economy is seeing positive momentum following a credit outlook upgrade by DBRS, which moved the outlook from ‘stable’ to ‘positive’ while maintaining a BBB rating. This shift reflects progress in fiscal management and a rapid decline in public debt-to-GDP ratios, which are projected to fall from 143.5% in 2026 to 134.4% by the end of 2027.

This rating news, alongside anticipated upgrades from FTSE Russell and Stoxx, contributed to the Athens Stock Exchange reaching 17-year highs. While the market reacted positively to the credit outlook, analysts noted that recent government measures announced at the Thessaloniki International Fair did not meet all market expectations. Specifically, the market had hoped for a reduction in the corporate tax rate from 22% to 20%, which was not implemented.

Instead, the government package focuses on supporting household income and small businesses through reduced social security contributions. While the package is viewed as less generous for large listed companies, it is expected to provide a favorable framework for domestic consumption and small-to-medium enterprises through 2027–28.