Greece Credit Ratings & Outlooks

Country	Moody's	S&P	Fitch	DBRS	Scope Ratings
Greece	Baa3 Stable	BBB- Stable	BBB Stable	BBB Stable	BBB Stable

Credit Rating History

Country	Date of Change	Rating Agency	Previous Rating	Previous Outlook	Current Rating	Current Outlook
Greece	Nov 14, 2025	Fitch	BBB-	Stable	BBB	Stable
Greece	Mar 16, 2025	Moody's	'Ba1	Positive	Baa3	Stable
Greece	Mar 07, 2025	DBRS	BB (high)	Stable	BBB	Stable
Greece	Dec 06, 2024	Scope Ratings	BBB-	Positive	BBB	Stable
Greece	Sep 14, 2024	Moody's	Ba1	Stable	'Ba1	Positive
Greece	Jul 12, 2024	Scope Ratings	BBB-	Stable	BBB-	Positive
Greece	Dec 01, 2023	Fitch	BB+	Stable	BBB-	Stable
Greece	Oct 20, 2023	S&P	BB+	Positive	BBB-	Stable
Greece	Sep 15, 2023	Moody's	Ba3	Positive	Ba1	Stable
Greece	Aug 04, 2023	Scope Ratings	BB+	Positive	BBB-	Stable
Greece	Apr 21, 2023	S&P	BB	Positive	BB+	Positive
Greece	Mar 17, 2023	Moody's	Ba3	Stable	Ba3	Positive
Greece	Jan 27, 2023	Fitch	BB	Positive	BB+	Stable
Greece	Dec 02, 2022	Scope Ratings	BB+	Stable	BB+	Positive
Greece	Mar 18, 2022	DBRS	BB	Positive	BB (high)	Stable
Greece	Jan 14, 2022	Fitch	BB	Stable	BB	Positive
Greece	Sep 17, 2021	DBRS	BB (low)	Stable	BB	Positive
Greece	Sep 10, 2021	Scope Ratings	BB	Positive	BB+	Stable
Greece	Apr 23, 2021	S&P	BB-	Stable	BB	Positive
Greece	Nov 06, 2020	Moody's	B1	Stable	Ba3	Stable

Table Key

Grade	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-investment Grade Speculative	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative Grade	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risk Grade	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative Grade	Ca	CC	CC	CCC	CC
Extremely Speculative Grade			C	CCC	C
In Default with Little Prospect for Recovery		CD	RD	RD
In Default		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Not Rated	NR	NR	NR	NR	NR

FAQ

What is Greece’s current credit rating?

Greece’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Greece’s credit risk.

Has Greece’s credit rating changed recently?

This page lists the latest rating and outlook actions for Greece, showing when each agency last reviewed or changed its assessment.

Why does Greece’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Greece's bond yields, currency, and equity flows as investors reassess risk.

How does Greece’s rating compare to other countries?

You can explore how Greece ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk

What is the difference between investment grade and speculative grade?

Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.