Fitch Affirms BBB Rating for Greece with Stable Outlook
Fitch Ratings has concluded its scheduled 2026 review by affirming Greece's long-term foreign-currency issuer default rating at BBB with a stable outlook.
- Fitch affirmed Greece's BBB rating, keeping the country one notch above the investment-grade floor.
- General government debt is projected to decrease significantly from 146.1 percent of GDP to 124.6 percent by 2028.
- Strong fiscal results, primary surpluses, and early debt repayments support the stable economic outlook.
For Israeli investors looking at Greece, stable sovereign credit ratings and improving macroeconomic indicators reflect a strengthening economic environment. It is always recommended to consult professional advisors and review official financial data before making investment decisions.
Fitch Affirms Greece Credit Rating
Fitch Ratings has affirmed the BBB rating for Greece with a stable outlook, wrapping up the scheduled 2026 sovereign review cycle late on a Friday evening. The long-term foreign-currency issuer default rating remains at BBB, keeping the nation one notch above the investment-grade floor following stronger debt reductions and large budget surpluses.
According to the agency, strong fiscal results, prudent policy, and resilient economic growth have strengthened overall fundamentals, speeding up the reduction of public debt. General government debt was estimated at 146.1 per cent of GDP in 2025 and is expected to decline to 124.6 per cent by 2028, driven by primary surpluses, solid nominal growth, and early loan repayments.
Economic Fundamentals and Debt Management
Funding risks remain limited due to an average debt maturity of approximately 19 years, favourable fixed rates on most stock, and a cash buffer forecast near 12 per cent of GDP in 2026. Fitch also noted that Greece's debt ratio is expected to drop below Italy's by the end of 2026.
Other credit agencies have also updated their stances during 2026. Scope Ratings previously upgraded Greece to BBB+, while Moody's and DBRS Morningstar maintained their respective ratings with positive outlooks. Investors continue to monitor indicators such as the current-account gap, which Fitch places near 6.5 per cent of GDP in 2026.
Looking Ahead to 2027
Attention now shifts toward 2027, where further investment and fiscal discipline could potentially lift the sovereign grade higher. Achieving further upgrades will rely on maintaining faster debt cuts and stronger structural growth in the coming periods, while the current rating remains steady on a stable stance.
FAQ
What is Greece's credit rating according to Fitch? Fitch maintains Greece's long-term foreign-currency issuer default rating at BBB with a stable outlook.
What is the forecast for Greece's public debt ratio? General government debt is expected to fall from 146.1 per cent of GDP in 2025 to 124.6 per cent by 2028.
Where can investors check official updates on Greek sovereign debt? Investors can track credit scores and updates through the Public Debt Management Agency credit table and official rating agency publications.
