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Moody's upgrades Greece to investment grade on strong fiscal recovery and stability

  • Moody's upgraded Greece's credit rating from Ba1 to Baa3, moving the country out of junk territory after years of debt crisis, according to Moody's Ratings.
  • Greece has experienced improved economic growth, with projected GDP growth of 2.5% this year, according to Greece's central bank.
  • Despite improvements, many Greeks still face high food prices and low salaries, as noted in the report.
  • Moody's stated that Greece's sovereign credit profile has greater resilience to future shocks, but economic structural reforms will take time.
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Naftemporiki broke the news in on Friday, March 14, 2025.
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