Greece Credit Rating

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.

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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 positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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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
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Greece Credit Ratings historical data

Timetable of Greece credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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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
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