Current Greece credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Greece ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Greece, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
The table below shows the current Greece credit ratings, according to the main rating agencies.
Rating Agency | Rating | Outlook | Last Update | Action |
---|---|---|---|---|
Standard & Poor's | BBB- | positive | 22 Apr 2024 | outlook upgrade |
Moody's Investors Service | Ba1 | positive | 16 Sep 2024 | |
Fitch Ratings | BBB- | - | 1 Dec 2023 | rating upgrade |
DBRS | BBB (low) | positive | 9 Sep 2024 | outlook upgrade |
Greece: Long-term Rating Scales Comparison
Greece long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Greece sovereign debt. These scales help investors understand the likelihood that Greece will meet its financial obligations.
Symbol means a negative outlook.
Grade | Description | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|---|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
AA
|
Aa2
|
AA
|
AA
|
||
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
A
|
A2
|
A
|
A
|
||
A-
|
A3
|
A-
|
A(low)
|
||
Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
BB
|
Ba2
|
BB
|
BB
|
||
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
B
|
B2
|
B
|
B
|
||
B-
|
B3
|
B-
|
B(low)
|
||
Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
C
|
C
|
C
|
C
|
||
In Default |
RD
|
/
|
RD
|
RD
|
|
SD
|
/
|
SD
|
SD
|
||
D•NR
|
D•NR
|
D•NR
|
D•NR
|
Greece Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Date | S&P | Moody's | Fitch | DBRS |
---|---|---|---|---|
16 Sep 2024 | Ba1 | |||
9 Sep 2024 | BBB (low) | |||
22 Apr 2024 | BBB- | |||
1 Dec 2023 | BBB- | |||
25 Oct 2023 | BBB- | |||
18 Sep 2023 | Ba1 | |||
11 Sep 2023 | BBB (low) | |||
24 Apr 2023 | BB+ | |||
20 Mar 2023 | Ba3 | |||
30 Jan 2023 | BB+ | |||
25 Apr 2022 | BB+ | |||
21 Mar 2022 | BB (high) | |||
17 Jan 2022 | BB | |||
20 Sep 2021 | BB | |||
26 Apr 2021 | BB | |||
7 Nov 2020 | Ba3 | |||
27 Apr 2020 | BB (low) | |||
25 Apr 2020 | BB- | |||
24 Apr 2020 | BB | |||
25 Jan 2020 | BB | |||
4 Nov 2019 | BB (low) | |||
26 Oct 2019 | BB- | |||
4 May 2019 | BB (low) | |||
2 Mar 2019 | B1 | |||
10 Aug 2018 | BB- | |||
20 Jul 2018 | B+ | |||
29 Jun 2018 | B (high) | |||
25 Jun 2018 | B+ | |||
4 May 2018 | B | |||
21 Feb 2018 | B3 | |||
16 Feb 2018 | B | |||
19 Jan 2018 | B | |||
10 Nov 2017 | CCC (high) | |||
18 Aug 2017 | B- | |||
22 Jul 2017 | B- | |||
23 Jun 2017 | Caa2 | |||
22 Jan 2016 | B- | |||
11 Dec 2015 | CCC (high) | |||
25 Sep 2015 | Caa3 | |||
18 Aug 2015 | CCC | |||
21 Jul 2015 | CCC+ | |||
1 Jul 2015 | Caa3 | CC | ||
30 Jun 2015 | CCC | |||
29 Jun 2015 | CCC- | |||
10 Jun 2015 | CCC | |||
15 May 2015 | CCC (high) | |||
29 Apr 2015 | Caa2 | |||
15 Apr 2015 | CCC+ | |||
27 Mar 2015 | CCC | |||
6 Feb 2015 | B- | Caa1 | ||
28 Jan 2015 | B | |||
16 Jan 2015 | B | |||
12 Dec 2014 | B | |||
1 Aug 2014 | Caa1 | |||
11 Jul 2014 | B | |||
23 May 2014 | B | |||
29 Nov 2013 | Caa3 | |||
16 Aug 2013 | CCC (high) | |||
14 May 2013 | B- | |||
18 Dec 2012 | B- | |||
5 Dec 2012 | SD | |||
7 Aug 2012 | CCC | |||
17 May 2012 | CCC | |||
2 May 2012 | CCC | |||
13 Mar 2012 | B- | |||
9 Mar 2012 | RD | |||
2 Mar 2012 | C | |||
27 Feb 2012 | SD | |||
22 Feb 2012 | C | |||
27 Jul 2011 | CC | |||
25 Jul 2011 | Ca | |||
13 Jul 2011 | CCC | |||
13 Jun 2011 | CCC | |||
1 Jun 2011 | Caa1 | |||
20 May 2011 | B+ | |||
9 May 2011 | B | |||
29 Mar 2011 | BB- | |||
7 Mar 2011 | B1 | |||
14 Jan 2011 | BB+ | |||
16 Dec 2010 | Ba1 | |||
14 Jun 2010 | Ba1 | |||
27 Apr 2010 | BB+ | |||
22 Apr 2010 | A3 | |||
9 Apr 2010 | BBB- | |||
22 Dec 2009 | A2 | |||
16 Dec 2009 | BBB+ | |||
8 Dec 2009 | BBB+ | |||
7 Dec 2009 | A- | |||
29 Oct 2009 | A1 | |||
22 Oct 2009 | A- | |||
12 May 2009 | A | |||
25 Feb 2009 | A1 | |||
14 Jan 2009 | A- | |||
9 Jan 2009 | A | |||
20 Oct 2008 | A | |||
5 Mar 2007 | A | |||
11 Jan 2007 | A1 | |||
16 Dec 2004 | A | |||
17 Nov 2004 | A | |||
28 Sep 2004 | A+ | |||
13 Sep 2004 | A+ | |||
20 Oct 2003 | A+ | |||
10 Jun 2003 | A+ | |||
4 Nov 2002 | A1 | |||
23 Oct 2002 | A | |||
20 Jun 2001 | A | |||
13 Mar 2001 | A | |||
27 Jul 2000 | A- | |||
13 Mar 2000 | BBB+ | |||
24 Nov 1999 | A- | |||
25 Oct 1999 | BBB+ | |||
10 Aug 1999 | BBB |