
Standard & Poor’s, which was scheduled to carry out its second assessment of the Greek economy on Oct. 19, decided not to proceed with its review and defer any decision until the Spring of 2025. As a result the international credit rating agency has kept Greece’s rating unchanged at “BBB-“ with a positive outlook.
It is worth noting that S&P is the only major credit rating agency maintaining a positive outlook on Greece, making it the most likely to elevate the country’s credit rating to the second rung of investment grade.
The Greek economy has two more upcoming reviews by international agencies before 2025 expires. Fitch is to review the performance of the country’s performance on Nov. 22, which had upgraded it to BBB-.
The year will close with Scope Ratings reviewing the economy on Dec. 9. In July the agency maintained Greece’s rating at BBB- (investment grade), upgrading its outlook to positive.
Moody’s, on the other hand, is the only one of the five major rating agencies that hasn’t assigned Greece an investment grade rating, while the other four (DBRS, Fitch, S&P, and Scope) have elevated Greece to this status.
Moody’s took a “stricter” stance compared to the other agencies when in Sept. of 2023 it refused to grant Greece the investment grade, though it did upgrade its outlook to positive. Moody’s made a double upgrade of Greece’s economy from Ba3 to Ba1, just one notch below investment grade, with a stable outlook. This was followed by a reaffirmation of the rating in March with no changes to the outlook.
Source: tovima.com


Latest News

Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today

Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%

Greek Fruit and Vegetable Exports Surge
Greek exporters have expressed concerns over a new draft law in Bulgaria that mandates at least 50% of products in stores to be of Bulgarian origin.

Trump Tower in Greece? Speculation Grows Over Potential Investment
In 2007, the Trump Organization explored the possibility of constructing a skyscraper complex and casino at the former Ellinikon Airport site in Athens

Was Aristidis Alafouzos, CEO of Okeanis Eco Tankers, cheering over extra earnings from carrying ‘sanctioned’ Russian oil?
Okeanis CEO Aristidis Alafouzos tried to give assurances that the company was not carrying sanctioned Russian oil - Recently published data point to the opposite

Tax Filing in Greece Surpasses Expectations
Taxpayers who submit their returns by April 30 will benefit from an increased tax discount of 4% if they opt for a lump-sum payment by July 31, 2025

Evangelos Marinakis: Proud of Diaspora Greeks, ‘Who’re All Together, United’
Marinakis, an Honorary Grand Marshal of the 86th Greek Independence Parade on Sunday, was touched by his contacts in New York City with members of the Greek-American community, where he spoke fondly of the Diaspora: ‘Twice as Greek, Twice over as Olympiacos fans'

Stirring 86th Greek Independence Day Parade Down 5th Ave. Evangelos Marinakis an Honorary Grand Marshal
According to NYPD sources, the 2025 parade is expected to be one of the biggest in recent memory, with some 120 groups with 52 floats and 15 marching bands paraded from 64th to 79th streets along renowned Fifth Avenue

PM Mitsotakis Highlights Chevron’s Interest in Greek EEZ in Weekly Review
“The interest from Chevron is important because a leading American multinational chooses to invest in Greek maritime plots, thus practically recognizing Greece's EEZ in the area,” the prime minister said.

PM Mitsotakis Visits Israel for Talks on Defense, Energy, and Stability
According to sources, the meetings will cover bilateral collaboration as well as regional developments, particularly in the Eastern Mediterranean and Syria.