Fitch Upgrades Greece's Credit Rating

In its year-end evaluation, Fitch Ratings upgraded Greece‘s long-term foreign currency credit rating from BBB- to BBB. This significant decision is considered an indicator of how much the country's economic stability and financial performance have strengthened in the eyes of the international credit rating agency.

In recent years, Greece has managed to receive consecutive positive rating revisions thanks to structural reforms and improvements in financial management. Fitch cited strong reductions in public debt, the country's solid fiscal performance, moderate budget easing, and the establishment of a reliable fiscal framework as the main reasons behind the rating increase.

The report also emphasized that Greece carries low financial risks and displays resilient economic growth. This rating upgrade contributes to increasing investor confidence in Greece and strengthening the country’s image in international financial markets. Although Fitch indicated that Greece needs to continue taking measures to improve its financial structure, it expressed that the overall outlook is “stable”.

This assessment may also lead to increased demand for Greek government bonds and more investor interest in the Greek market. Economic growth expectations are ongoing, particularly in key sectors such as construction and tourism. For the first time in years, a healthy growth momentum is recorded in the country, and Fitch’s positive evaluation will enable Greece to secure a stronger position in international credit ratings.

In conclusion, Fitch’s rating increase stands out as a turning point for Greece. The country’s financial situation aims to create a more sustainable foundation for long-term growth and investment. As long as the country’s economic policies continue to enhance financial stability and support growth, further increases in credit ratings are expected.