DBRS: Greece's credit rating remains at BBB
The Canadian agency DBRS maintained Greece's credit rating at BBB with a stable outlook, reflecting balanced risks due to favorable economic and fiscal developments.
The Canadian credit rating agency DBRS has announced that it is retaining Greece's credit rating at BBB, maintaining a stable outlook as well. According to the agency's assessment, the risks associated with Greece’s creditworthiness are currently balanced, largely due to positive economic and fiscal developments observed in recent years, particularly for 2025.
The Bank of Greece has indicated that the country's real GDP grew by 2.1% in 2025, driven by robust investment activity, a rise in private consumption, and an increase in tourism arrivals. This strong economic performance, coupled with favorable fiscal results, has contributed to a significant decline in public debt, which dropped to 149.7% of GDP in September 2025 from 158.6% a year prior.
Looking ahead, DBRS anticipates further reductions in the debt-to-GDP ratio, projecting a decrease to 138.2% by the end of 2026. This optimistic forecast is underpinned by expectations of continued strong nominal growth, suggesting a stable macroeconomic environment that may support ongoing improvements in Greece’s fiscal health and creditworthiness.