DBRS Ratings GmbH (Morningstar DBRS) confirmed the Hellenic Republic's (Greece) Long-Term Ratings at BBB. At the same time, Morningstar DBRS confirmed Greece's Short-Term Ratings at R-2 (high). The trends on all ratings remain Stable.The Bank of Greece (BoG) estimates real GDP to have grown by 2.1% in 2025, driven by strong investment activity, rising private consumption, and higher tourist arrivals. Strong fiscal results and high rates of economic growth led to a further decrease in the country's still very high public debt ratio. General government gross debt declined to 149.7% of GDP in September 2025 from 158.6% in September 2024.Looking ahead, the government's Draft Budget 2026 projects a further decrease in the public debt ratio to 138.2% of GDP at end 2026 based on the expectations of continued strong nominal GDP growth. Over the medium-term, maintaining a clear downward trend in the public debt ratio relies on recurring primary surpluses and Greece's ability to sustain the economy's recent growth momentum, particularly after the phase-out of the EU's RRF grants in 2026.Greece's BBB credit ratings are underpinned by the improved financial condition of the domestic banking sector, the country's credible policy framework, and its membership of the European Union (EU) and euro area. Greece's credit ratings are nevertheless constrained by the still high public debt ratio, a comparatively low level of labour productivity, and the small size of its economy which renders it vulnerable to external shocks. (ICE ATENE)

Fonte notizia: Morningstar DBRS