S&P Global Ratings raised on April 23rd Greece’s sovereign credit rating by a notch to ‘BB’ from ‘BB-’ and assigned a positive outlook, citing expectations of a rapid improvement in the country's economic and budgetary performance as the adverse impacts of the COVID-19 pandemic subside. Moody's credit rating for Greece was last set at Ba3 with stable outlook. Fitch's credit rating for Greece was last reported at BB with stable outlook. DBRS's credit rating for Greece is BB (low) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Greece thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Greece as reported by major credit rating agencies.


AgencyRatingOutlookDate
S&PBB Positive Apr 23 2021
Moody'sBa3 Stable Nov 06 2020
S&PBB- Stable Apr 24 2020
DBRSBB (low) Stable Apr 24 2020
FitchBB Stable Apr 23 2020
FitchBB Positive Jan 24 2020
DBRSBB (low) Positive Nov 01 2019
S&PBB- Positive Oct 25 2019
DBRSBB (low) Stable May 03 2019
Moody'sB1 Stable Mar 01 2019
FitchBB- Stable Aug 10 2018
S&PB+ Positive Jul 20 2018
DBRSB (high) Positive Jun 29 2018
S&PB+ Stable Jun 25 2018
DBRSB Positive May 04 2018
Moody'sB3 Positive Feb 21 2018
FitchB Positive Feb 16 2018
S&PB Positive Jan 19 2018
DBRSCCC (high) Positive Nov 10 2017
FitchB- Positive Aug 18 2017
S&PB- Positive Jul 22 2017
Moody'sCaa2 Positive Jun 23 2017
S&PB- Stable Jan 22 2016
DBRSCCC (high) Stable Dec 11 2015
Moody'sCaa3 Stable Sep 25 2015
FitchCCC N/A Aug 18 2015
S&PCCC+ Stable Jul 21 2015
Moody'sCaa3 Negative Watch Jul 01 2015
DBRSCC Under Review Jul 01 2015
FitchCCC Negative Jun 30 2015
FitchCC N/A Jun 30 2015
S&PCCC- Negative Jun 29 2015
S&PCCC Negative Jun 10 2015
DBRSCCC (high) Negative May 15 2015
DBRSB Negative May 15 2015
Moody'sCaa2 Negative Apr 29 2015
S&PCCC+ Negative Apr 15 2015
FitchCCC N/A Mar 27 2015
Moody'sCaa1 Negative Watch Feb 06 2015
S&PB- Negative Watch Feb 06 2015
DBRSB Under Review Feb 04 2015
S&PB Negative Watch Jan 28 2015
FitchB Negative Jan 16 2015
S&PB Stable Dec 12 2014
Moody'sCaa1 Stable Aug 01 2014
DBRSB Stable Jul 11 2014
FitchB Stable May 23 2014
Moody'sCaa3 Stable Nov 29 2013
DBRSCCC (high) Negative Aug 16 2013
FitchB- Stable May 14 2013
S&PB- Stable Dec 18 2012
S&PSD N/A Dec 05 2012
S&PCCC Negative Aug 07 2012
FitchCCC N/A May 17 2012
S&PCCC Stable May 02 2012
FitchB- Stable Mar 13 2012
FitchRD N/A Mar 09 2012
Moody'sC Negative Mar 02 2012
S&PSD N/A Feb 27 2012
FitchC N/A Feb 22 2012
S&PCC Negative Jul 27 2011
Moody'sCa Negative Jul 25 2011
FitchCCC N/A Jul 13 2011
S&PCCC Negative Jun 13 2011
Moody'sCaa1 Negative Jun 01 2011
FitchB+ Negative Watch May 20 2011
Moody'sB1 Negative Watch May 09 2011
S&PB Negative Watch May 09 2011
S&PBB- Negative Watch Mar 29 2011
Moody'sB1 Negative Mar 07 2011
FitchBB+ Negative Jan 14 2011
FitchBBB- Negative Watch Dec 21 2010
Moody'sBa1 Negative Watch Dec 16 2010
S&PBB+ Negative Watch Dec 02 2010
Moody'sBa1 Stable Jun 14 2010
S&PBB+ Negative Apr 27 2010
Moody'sA3 Negative Apr 22 2010
Moody'sA3 Negative Watch Apr 22 2010
FitchBBB- Negative Apr 09 2010
S&PBBB+ Negative Mar 16 2010
Moody'sA2 Negative Dec 22 2009
S&PBBB+ Negative Watch Dec 16 2009
FitchBBB+ Negative Dec 08 2009
S&PA- Negative Watch Dec 07 2009
Moody'sA1 Negative Watch Oct 29 2009
FitchA- Negative Oct 22 2009
FitchA Negative May 12 2009
Moody'sA1 Stable Feb 25 2009
S&PA- Stable Jan 14 2009
S&PA Negative Watch Jan 09 2009
FitchA Stable Oct 20 2008
FitchA Positive Mar 05 2007
Moody'sA1 Positive Jan 11 2007
FitchA Stable Dec 16 2004
S&PA Stable Nov 17 2004
FitchA+ Negative Watch Sep 28 2004
S&PA+ Negative Sep 13 2004
FitchA+ Stable Oct 20 2003
S&PA+ Stable Jun 10 2003
Moody'sA1 Stable Nov 04 2002

 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 62
CCC+ Caa1 CCC 21
CCC+ Ca CCC CCC 15
Ba3 B+ 16
BBB BB 52
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 48
BB- Ba2 45
B+ B2 B+ 33
BB- Ba3 BB- 40
B- Caa1 22
B B3 B 28
AA Aa3 AA- AA (high) 86
CC Caa3 15
B+ B1 B 31
A+ A2 N/A 78
B+ B2 B 31
B B3 27
BBB+ A3 70
BB- Ba2 BB- BB (low) 42
BBB Baa1 BBB 61
B 25
N/A B2 30
B- B2 B 28
AAA Aaa AA+ AAA 100
B- B- 27
Aa3 85
A A1 A- N/A 76
A+ A1 A+ A (high) 80
BBB- Baa2 BBB- BBB 57
CCC+ Caa1 20
B B2 B 31
BBB- Ba1 BBB- 51
Caa2 15
BBB- Ba2 BBB- BBB (low) 50
AA- Aa3 AA- 83
AAA Aaa AAA AAA 100
BB- Ba3 BB- 40
B- Caa3 B- 20
B B2 B+ 30
B- B3 B- 25
AA- A1 AA- AA (low) 83
B- B2 CCC 25
AA Aaa AAA AAA 98
BB- B1 40
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AA (high) 92
N/A Caa1 CCC 23
BB Ba2 BB 45
AAA Aaa AAA AAA 100
B- B3 B 23
BB Ba3 BB BB (low) 38
SD
BB- Ba1 BB- 43
BB- B1 35
AA+ Aa3 AA- 90
BBB Baa3 BBB 58
A A2 A 75
BBB- Baa3 BBB- BBB 56
BBB Baa2 BBB 60
B- Caa1 B- 23
AA- A2 A+ A (high) 78
N/A Aa3 90
AA- A1 A+ 81
BBB Baa3 BBB- BBB (high) 61
Ba3 B+ 37
B+ B2 B+ 33
A+ A1 A A (high) 77
B+ B1 BB- 36
BBB- Baa3 BBB 56
B B2 B+ 33
AA- A1 AA 85
NR B2 30
Caa2 CCC 20
A+ A3 A- A (low) 73
D C RD 11
B 30
AAA 100
A+ A2 A A 75
AAA Aaa AAA AAA 100
Aa3 AA 87
BB- BB+ 45
A- A3 BBB+ 70
B3 CCC 27
Caa1 20
A- A2 A+ A (high) 75
Baa2 65
BBB Baa1 BBB- BBB 60
B3 25
B B3 B 28
B B1 35
BBB- 55
BB+ Ba1 BB+ 51
CCC+ Caa2 CCC 14
Ba3 BB 45
AAA Aaa AAA AAA 100
AA+ Aaa AA 93
B- B3 B- 25
B3
B- B2 B 28
AAA Aaa AAA AAA 99
B+ Ba3 BB- 40
B- B3 B- 25
BBB Baa2 BBB- 60
B- B2 27
BB Ba1 BB+ 46
BBB+ A3 BBB+ N/A 65
BBB+ Baa2 BBB 61
A- A2 A- A 71
BBB Baa3 BBB BBB (high) 71
D 0
AA- Aa3 AA- 85
CCC+ Caa2 CCC 20
BBB- Baa3 BBB- 55
BBB- Baa3 BBB 55
B+ B2 B+ 33
BB+ 55
A- A1 A 75
B+ Ba3 37
BB+ Ba2 BB+ 46
B 35
AAA Aaa AAA AAA 98
A+ A2 A A (high) 76
AA- A3 A A (high) 75
B3 25
BB- Ba2 BB- 45
AA Aa2 AA- 86
A Baa1 A- A 71
CCC+ Caa1 CCC 21
B3 25
SD Caa3 RD 15
B3 30
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA Aa3 AA- 85
B- B3 25
B2 35
BBB+ Baa1 BBB+ 65
B B3 30
BBB- Ba1 52
N/A B3 B 30
B+ B2 BB- BB (high) 35
B B2 B+ 31
B B3 B 26
AA Aa2 AA- 90
AA Aa3 AA- AA (high) 90
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
BB- B1 BB- 38
SD WR RD 11
BB Ba3 BB 43
SD Ca RD 30
 Export  API


Credit Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com