Fitch rating upgrade concludes another successful year for GGBs

Economy Tags: Debt, Ratings

Fitch upgraded Greece’s rating by one notch to ‘BBB’ with a stable outlook. The upgrade reflects the rapid public-debt reduction, sustained budget surpluses, a resilient economy, and stronger banking-sector fundamentals, while long standing external and structural weaknesses continue to weigh on the rating.

A key driver of the upgrade is Greece’s sustained debt decline. Fitch projects gross government debt to fall by 9 percentage points in 2025, reaching 145 pct of GDP, after a similar 10-point drop in 2024. Though still nearly triple the BBB-median debt r...

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