Fitch has upgraded Greece's rating from 'BBB minus' to 'BBB', highlighting solid budgetary performance and debt reduction.

The financial evaluation agency Fitch has upgraded Greece's long-term debt rating from 'BBB minus' to 'BBB', reflecting a robust budgetary performance and a significant reduction in debt. Additionally, Fitch has revised Greece's rating outlook from positive to stable, highlighting the country's recovery from the sovereign debt crisis and favorable economic results. The agency's statement mentions the Greek Government's commitment to fiscal prudence, evidenced by recent fiscal results and the budget proposal for 2026.

Analysts anticipate a rapid growth in Greece's GDP, surpassing major European economies, due to investments and consumer spending. Finance Minister Kyriakos Pierrakakis emphasized that Fitch's decision reflects progress in economic growth and fiscal credibility, which will lead to lower borrowing costs and higher investments in the future.