[REVISION HISTORY]
Greek sovereign credit rating and debt outlook improvements
Updated 4 times since CLSTR started tracking revisions of this situation.
What changed
2026-09-04 22:02 UTC → 2026-09-08 04:04 UTC ·
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Greece continues to see significant credit rating improvements and debt reduction driven by fiscal discipline and economic growth. Building on previous upgrades by Fitch and R&I, the credit rating agency DBRS has upgraded Greece’s sovereign debt outlook from stable to positive, while maintaining its BBB rating. This upgrade reflects expectations of a continued decline in the debt-to-GDP ratio. European Commission projections suggest gross public debt will fall from 143.5% in March 2026 to 134.4% by the end of 2027. Economic growth is expected to remain resilient, with real GDP projected to increase by 1.8% in 2026 and 1.6% in 2027. Furthermore, the government’s primary surplus is forecasted to reach 4.0% of GDP in 2026 and 3.7% in 2027. DBRS noted that Greece has effectively managed energy price shocks and benefited from strong tourism. tourism and structural reforms that expanded the tax base. Notably, Greece is the only country among nine Eurozone nations where interest expenditures are projected to be lower in 2030 than in 2025. While future elections may introduce political complexities, DBRS views political risk as limited due The positive credit outlook contributed to a broad consensus on core policy issues. These developments follow the Athens Stock Exchange reaching 17-year highs. However, market analysts noted that recent government measures announced at the Thessaloniki International Fair did not meet all expectations; specifically, the market had hoped for a period of rapid deleveraging where Greece’s debt-to-GDP ratio fell from approximately 209% reduction in 2020 the corporate tax rate from 22% to 146% in 2025. Long-term projections suggest 20%, which was not implemented. Instead, the debt could decline further government package focuses on supporting household income and small businesses through reduced social security contributions, a move expected to 125% by 2029. support domestic consumption through 2027–28.
Versions
- 2026-09-08 04:04 UTC Greek sovereign credit rating and debt outlook improvements
- 2026-09-04 22:02 UTC Greek sovereign credit rating and debt outlook improvements
- 2026-08-26 15:03 UTC Greek sovereign credit rating improvements
- 2026-08-26 06:48 UTC Greek sovereign credit rating improvements
- 2026-08-25 13:49 UTC Greek sovereign credit rating improvements
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