The constant upgrades of Greece’s credit rating from the big ratings houses ensure the prospects of the economy at a time when global public debt is growing rapidly and uncertainty has hit “red” in the midst of US government and geopolitical duties.

According to a recent OECD report, states and businesses around the world borrowed 25 trillion. dollars in 2024, amount higher by 10 trillion. Compared to pre -coronary levels and almost three times compared to 2007.

Especially for OECD member states, government bonds are expected to reach the record of 17 trillion this year. dollars from 14 trillion. In 2023 and their public debt to increase to 59 trillion. dollars from 54 trillion. in 2023. This increase is mainly the result of the two major world crisis in the last 20 years – the 2008 financial crisis and the Covid -2019 pandemic – which have forced countries to proceed with large budgetary support packages, funded by markets, to avoid the risk of large and high -profile. These measures facilitated the recovery of their economies, but their lending needs for the green transition, which requires huge investment, remain high.

Although markets have absorbed the increased supply of securities in recent years, this was done by increasing yields from low levels of last 10 years. It is noteworthy that after the announcement from Germany that it will relax its debt brake, with the creation of a € 500 billion fund for infrastructure investment and green transition as well as by increasing its defense spending, its bond yields increased by about 40 units and other points.

Within this scene, Greece’s investment grade from the US House Moody’s is further enhanced by its counterparts for major institutional investors and supports the significant reduction in their spread. There had been upgrades to the investment level as early as the second half of 2023 by the other four rating agencies taken into account by the European Central Bank – the US S&P and Fitch, Canadian DBRS and the German Scope. DBRS and Scope have recently upgraded Greece and within the investment grade (BBB), while further upgrades from S&P and Fitch are very likely to upgrades in 2025.

The highest growth of the Greek economy than the eurozone, overcoming the goals for primary surplus and debt reduction and the improvement of the banking sector are the three main reasons for upgrading from Moody’s, as well as from other firms.

Greece was among the eurozone countries, whose spread – the difference in its bonds compared to German bonds – decreased more than 10 basis points in 2024, according to the OECD report.

Based on Bloomberg (19/3), the spread of Greek 10 -year titles decreased by 21 basis points from a year ago, to 77 AB, as their yield was 3.57% against 2.80% of the corresponding Germans. At the same time, the demand for Greek titles has increased dramatically, as 53 billion bids have shown. Euro for the reissue of 15 years and 30 -year Greek bonds last week.

This development is particularly important at a time when support from the European Central Bank in the bond market is reduced as it has terminated securities programs in the context of political quantitative easing.

Occupation of government bonds from central banks has firmly reduced in the OECD countries, from 29% of their total debt in 2021 to 19% in 2024. This decrease was covered by increasing the corresponding percentage of households from 5% to 11% and the percentage of foreign investors from 29% to 34%.

In Greece, according to the same report, the percentage of public debt owned by households increased to 4% from 1%, thanks to the possibility of participating in the publications of public secretarials.