Greece prepares for 2026 sovereign credit rating reviews FAST-MOVING

Greece is preparing for a second round of sovereign credit rating reviews in 2026, starting with DBRS on September 4, followed by Scope Ratings, Moody’s, S&P, and Fitch. The assessments will focus on the country’s declining debt trajectory, supported by a primary surplus of 5.77 billion euros recorded between January and July, and planned early debt repayments totaling 12.8 billion euros.

Despite geopolitical tensions in the Middle East causing energy price volatility—with Brent crude near 90 dollars per barrel—the Greek economy has shown resilience, with GDP growing by 2% in the first quarter. However, economic indicators show mixed results: fuel exports surged by 100.6% in value during the second quarter of 2026 due to increased demand and higher prices, while banking data for July showed a decrease in private sector deposits and a decline in new loans to businesses.

Additionally, domestic economic pressures include rising costs of production driven by oil prices and the emergence of climateflation, where extreme weather impacts food and energy costs. Wage growth has also slowed, with average monthly salaries reaching 1,516 euros, though many workers remain in lower income brackets.