S&P nâng tín nhiệm Hy Lạp lên ‘BBB’ nhờ kỷ luật tài khóa và tăng trưởng ổn định

On April 26, 2025, S&P Global Ratings officially upgraded Greece’s sovereign credit rating to ‘BBB’, with a stable outlook.
This marks a clear signal that Greece’s economy is becoming more stable, with disciplined fiscal management and an increasingly secure investment environment.

According to S&P, Greece has maintained unwavering fiscal discipline, improved tax compliance, and consistently outperformed its budgetary targets despite global headwinds.

The agency forecasts that:

• Greece’s net government debt-to-GDP ratio will decline by an average of 6 percentage points per year over the next four years.

• The country’s cash reserves, currently around 15% of GDP, are sufficient to cover nearly three years of upcoming debt maturities, providing a solid financial buffer.

Being upgraded to ‘BBB’ — a level that signals financial stability and safe investment conditions — allows Greece greater access to international capital markets and reduces its borrowing costs.

S&P also noted that Greece’s rating could be raised further if the country’s external balances improve significantly or if external debt declines meaningfully. Conversely, a deterioration in fiscal performance could prompt a reassessment.

Regarding external risks, S&P views the impact of U.S. tariffs as manageable for Greece, as direct goods exports to the U.S. represent only about 0.8% of GDP.
While key trading partners like Germany and Italy may face higher exposure, the indirect effects on Greece are considered limited.

Greece’s shipping sector, although important, contributes relatively little to government revenues. Even if global trade volumes decline, the overall impact on public finances is expected to be minimal.