Fitch Ratings announced that it has affirmed Greece's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'BBB' with a stable outlook.According to Fitch, the ratings are supported by income per capita levels above and governance indicators slightly above the 'BBB' median, as well as a credible policy framework underpinned by EU and eurozone membership. Fiscal and macroeconomic adjustment has accelerated over the past years, but set against the legacy of the sovereign debt crisis, particularly the very high but steadily declining public debt burden.Growth of the Greek economy was steady at slightly above 2% in 2023-2025, despite various geopolitical and trade shocks. We forecast somewhat lower growth in 2026, primarily due to Middle East conflict, but the economy will benefit from the last year of the Next Generation EU investment stimulus. Over the medium term, we expect gradual income convergence with eurozone peers based on an estimated 2% potential growth rate. Domestic demand will remain the key growth driver.Greece achieved budget surpluses in 2024 and 2025, an outstanding fiscal performance compared to rating peers and eurozone members. The current 'BBB' median deficit is 3.1% of GDP and the aggregate eurozone deficit was 2.9% of GDP in 2025.The gross general government debt/GDP ratio fell by almost 20pp in 2024 and 2025 to 146% of GDP, due to resilient economic growth and budget surpluses. However, this is still 2.5x the 'BBB' median of 58%. We expect debt to continue declining rapidly in the medium term, approaching 120% by 2030.Greece’s favourable debt profile—with a 19-year average maturity, concessional interest rates, and large cash reserves—buffers market risks and bond volatility. The growth-interest rate differential is favourable, with a 1.5% implicit interest rate on debt stock, well below the ~4% nominal GDP growth trajectory.Conversely, the current account deficit (CAD) narrowed in 2025 but will widen this year due to high energy prices. Averaging ~6% of GDP since 2023, it remains well above the 'BBB' median (0.2%), driven structurally by a low savings rate and upcoming import-intensive investments. (ICE ATENE)

Fonte notizia: amna.gr