Fitch Ratings did not make any changes, keeping Greece’s credit rating stable.

In particular, Greece remains at “BBB-” with a stable outlook.

“Greece’s rating is based on per capita income levels above the ‘BBB’ category average, as well as governance indicators that are in line with the average. The policy framework remains sound, bolstered by EU and eurozone membership. Despite significant progress, the country still faces the consequences of the debt crisis, such as very high, but declining, public debt, low investment, external deficits and legacy liabilities of the banking sector,” the rating agency said.

We expect the government’s sound fiscal policy to continue in 2025 and 2026. Greece maintains a strong fiscal position, with a budget deficit of around 1% of GDP for 2024, below the ‘BBB’ category average (2.6 %) and the EU average (3.1%). Improved tax collection and strict expenditure control strengthen public finances. We forecast that the primary fiscal surplus will remain above 2% of GDP at least until 2026,” he emphasizes.