Greece could get rid of the latest “remnants” of its debt crisis with an upgrade of its credit rating, which would permanently remove it from the “Junk” category that entered Bloomberg 15 years ago.

Such a decision on Friday by Moody’s Ratings, the only big rating house that does not have Greece at an investment level, would be largely symbolic: the country’s bonds have been negotiating for two years at levels that indicate a more favorable evaluation.

However, an increase by one level of Moody’s BA1 rating – which at this stage has a positive outlook – would cut off every remaining bond With the chaos of debt, the successive rescue programs and the economic turmoil that has shaken Greece for more than a decade.

Moody’s was the exception. S&P and Fitch have long evaluated Greece as an investment destination – rewarding a remarkable shift in the economy and a fiscal course that has become much more favorable.

The gross domestic product, which has surpassed much of the eurozone from the pandemic, increased by 2.3% in 2024. The net debt in the meantime retreated at the same time.

Prime Minister Kyriakos Mitsotakis has pledged to remain focused on fiscal discipline and continue to achieve primary surpluses, which exclude interest payments.

He also said that his government would return part of Greece’s rescue loans earlier than the timetable this year, as it did in the past. An early repayment of at least 5 billion euros of long -term liabilities expiring between 2033 and 2042 They are in the workshe told Bloomberg in November.

Scope Ratings and Morningstar DBRS have recently upgraded Greece further to an investment level, citing better than expected fiscal performance, significant debt reduction and rapid economic growth. Fitch Ratings and S&P rate Greece just above the Junk category.

Such improved ratings have reduced Greece’s borrowing costs in relation to its neighbors. The 10 -year bond yields were already lower than those of Italian bonds when he first claimed the investment level in 2023.

Now they are about 83 base units higher than those of Germany, the safest asset of the region. This is close to the lowest of the global financial crisis – reflecting optimism that Moody’s will soon follow S&P and Fitch with an upgrade.